n1ck_z

MA Streak Change Channel

Change Channel is like KC unless it uses percentage changes in price to set channel distance. Midline is zero-lag smoothed ROC with dynamic period based on MA Streak indicator, if MA Streak shows an ongoing trend, midline going strong and break out the channel.

Consider using ▲ green areas as a signal to buy and ▼ red areas as a sell signal. It works best in a flat market. Use in combination with other indicators.
Release Notes: * Midline is ROC with dynamic period based on MA Streak indicator.

- Clean up the code
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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