Percentage crossover channel indicator

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Percentage crossover channel indicator

Postby Alexander.Gettinger » Fri Jun 01, 2012 2:53 pm

Formulas:
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;

Percentage_Crossover_Channel_MQL.PNG


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Alexander.Gettinger
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