FXCM Forex Trading

Narrowest channel oscillator

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Narrowest channel oscillator

Postby Alexander.Gettinger » Wed Apr 03, 2013 2:18 pm

This indicator is a ported MQL5 indicators from http://www.mql5.com/en/code/1558

Formulas:
Range[i] = Max-Min, where
Max, min - maximum and minimum prices from (i-Range+1) to i.
MinRange[i] - minimum value of Range from (i-Period) to (i-1).

NarrowestChannel.PNG


Download:
Narrowest_Channel.lua
(2.85 KiB) Downloaded 163 times
Alexander.Gettinger
FXCodeBase: Confirmed User
 
Posts: 2518
Joined: Wed Mar 31, 2010 9:40 pm
Location: Russia, Omsk

Re: Narrowest channel oscillator

Postby Alexander.Gettinger » Wed Apr 10, 2013 4:11 pm

MQL4 version of this indicator: viewtopic.php?f=38&t=34359
Alexander.Gettinger
FXCodeBase: Confirmed User
 
Posts: 2518
Joined: Wed Mar 31, 2010 9:40 pm
Location: Russia, Omsk

Re: Narrowest channel oscillator

Postby nsaale » Fri Apr 12, 2013 8:30 am

How do you use it?

I don't understand its signals at all.
nsaale
 
Posts: 18
Joined: Mon Apr 02, 2012 8:04 am
Location: Kampala

Re: Narrowest channel oscillator

Postby Apprentice » Mon Apr 15, 2013 5:09 am

Neither do I, Web reference are very vague, do not forget, in most cases we are just developers.

I can offer a more detailed description.
Alex have done a bad job in this regard.

Range will show the current range.
Range is calculated as High-Low.

Min. Range will show the smallest range in the last N periods.

Crosing of this two, will provide you indication of changes in market conditions.
For example from Ranging to Trending.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 15376
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Narrowest channel oscillator

Postby Apprentice » Thu May 11, 2017 1:49 pm

Indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 15376
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia


Return to Custom Indicators

Who is online

Users browsing this forum: Bing [Bot] and 4 guests