Moving Average Envelopes of High/Low prices

[bammbamm]

Hi,
Happy 4th July holiday.

Is it possible to amend this indicator to produce a channel indicator based on the following:
The upper channel line is the 3 day simple moving average of the highs (including the current bar) multiplied by 0.995
The lower channel line is the 3 day simple moving average of the lows (including the current bar) multiplied by 1.005

Price excursions outside of the channel for 2 consecutive bar closes is sometimes associated with a short term trend exhaustion.

Thanks in advance.

bammbamm

[Nikolay.Gekht]

Yes, it is possible. I added it to the list of indicators to be developed. The only note that we have a lack of resources until Jul, 16 because of preparing a new version of the TS and Indicator SDK. But we will try to do it asap.

[Nikolay.Gekht]

ng: Topic moved to requests

Could you please check the indicator below? If it is ok - I'll put it into the custom indicators

download:

HLMACH.lua

(2.82 KiB) Downloaded 681 times

[bammbamm]

Thanks Nikolay.
Had to change the 'default offset by 0.5%' to 0.005% but otherwise seems ok.

I tend to use it on daily chart of gold or silver.