Narrowest channel oscillator
Posted:
Wed Apr 03, 2013 2:18 pmby Alexander.Gettinger
This indicator is a ported MQL5 indicators from
http://www.mql5.com/en/code/1558Formulas:
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).
Download:
The indicator was revised and updated
Re: Narrowest channel oscillator
Posted:
Wed Apr 10, 2013 4:11 pmby Alexander.Gettinger
MQL4 version of this indicator:
viewtopic.php?f=38&t=34359
Re: Narrowest channel oscillator
Posted:
Fri Apr 12, 2013 8:30 amby nsaale
How do you use it?
I don't understand its signals at all.
Re: Narrowest channel oscillator
Posted:
Mon Apr 15, 2013 5:09 amby Apprentice
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.
Re: Narrowest channel oscillator
Posted:
Thu May 11, 2017 1:49 pmby Apprentice
Indicator was revised and updated.
Narrowest_Channel.lua