Narrowest channel oscillator

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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


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Narrowest_Channel.lua
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The indicator was revised and updated
Alexander.Gettinger
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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
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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.
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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.
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Re: Narrowest channel oscillator

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

Indicator was revised and updated.
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