Percentage crossover channel indicator
Posted: Fri Jun 01, 2012 2:53 pmFormulas:
Middle[i]=Price[i]*MinusValue if Price[i]*MinusValue>Middle[i-1],
Middle[i]=Price[i]*PlusValue if Price[i]*PlusValue<Middle[i-1],
else Middle[i]=Middle[i-1], where
PlusValue=1+Percent/100,
MinusValue=1-Percent/100.
Upper line=Middle*PlusValue,
Lower line=Middle*MinusValue;
Download:
Middle[i]=Price[i]*MinusValue if Price[i]*MinusValue>Middle[i-1],
Middle[i]=Price[i]*PlusValue if Price[i]*PlusValue<Middle[i-1],
else Middle[i]=Middle[i-1], where
PlusValue=1+Percent/100,
MinusValue=1-Percent/100.
Upper line=Middle*PlusValue,
Lower line=Middle*MinusValue;
Download:
Percentage_Crossover_Channel.mq4- (1.96 KiB) Downloaded 1778 times