♒ RBCI - Range Bound Channel Index by Cryptorhythms
This is my best approximation of the RBCI. Its not perfect, but it does the job well enough.
A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green.
Information to create was gathered mostly here:...
I was checking the formula of built-in "cci" function and decided to publish a more customizable version of the Commodity Channel Index, so you can play with levels and a bunch of different sources.
If someone doesn't know what is this:
This indicator was originally developed by Donald R. Lambert ("Commodities" magazine, 1980) to identify cyclical or seasonal...
This is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
This indicator plots the last filled/completed Point and Figure block, overlaid onto any regular candles chart, for every historical candle.
The Pine security(pointfigure(...)...) function inappropriately associates the timestamps of both the "open" (start of column) and "close" (end of column) with the time at which the terminal reversal took place, which leads...
scream channel indicator is an indicators, which shows extreme price actions.
when the blades are downward, the trend is downward and the price tend to falling, and also for upward blades.
scream channel is compatible with all markets and time-frames.
here I introduce my favorite indicator for find the trend channels with their primary, secondary and tertiary trend channel.
Every channel develops themself without any drawing tools. The best way to trade with this indicator is to trade breakouts from consolidations.
Consolidations (correction waves) you see, if the smaller trend is opposite the...
The Keltner Channel, a classic indicator
of technical analysis developed by Chester Keltner in 1960.
The indicator is a bit like Bollinger Bands and Envelopes.
- This script to change bars colors.
This is a Channel formed using price volatility and custom formulas developed by Train MT4. It is good for use on Stocks and Forex Symbols using the Daily charts.
It is probably useful for more than just Daily timeframes, but I have only tested on daily.
Shout out to nPE- for the idea.
Bands made with stdev from 10 day OHLC.
Keeps resolution to daily, so you can use bands as daily pivots for day trading.
Upper band 1=yesterday close + 0.5 std(ohlc,10)
Upper band 1=yesterday close + 1 std(ohlc,10)
Lower band 1=yesterday close - 0.5 std(ohlc,10)
Lower band 2=yesterday close - 1 std(ohlc,1
Basic high and low channels, allows for two high and two low channels of specified lengths.
Use for channel breakout trades, basic idea is to go long when the longer high channel is broken and close when shorter low channel is broken, vice versa for shorts
Feel free to leave me a tip if you like this script: 1MprT7YEEWaM6bUcpD7eeHM3Ht8n3R5jP1