This indicator caculate base on any Moving Average can select and add line channel bands upper/lower by ATR calculate and have x2 timeframe channel bands
Option
- x2 timeframe channel band
- Moving Average can select: RMA", "SMA", "EMA", "WMA", "SWMA", "EVWMA", "JMA", "KAMA", "TMA", "VWMA", "VMA", "VAMA", "VWAP", "SMMA", "HullMA", "HMA", "DEMA", "TEMA"
- have counter price touch with upper or lowwer line
- have alert when counter increase both upper
- show price and counter at end of bands
Buy condition ( use 1 timeframe )
- when low price completed lower than lower lines and count increase of current timeframe channel
Buy condition ( use 2 timeframe )
- when low price completed lower than lower lines and count increase of current channel and counter of lower bigger timeframe channel = 1 or more than 3
(if counter of low line of bigger time frame channel = 2 , not recommend to buy , I think it will continue downtrend to lower channel of bigger timeframe , would confirm counter of bigger timeframe)
Sell condition ( use 1 timeframe )
- when high price completed higher than upper lines and count increase of current timeframe channel
Sell condition ( use 2 timeframe )
- when high price completed higher than upper lines and count increase of current channel and counter of higher bigger timeframe channel = 1 or more than 3
(if counter of high line of bigger time frame channel = 2 , not recommend to Sell , I think it will continue uptrend to upper channel of bigger timeframe , would confirm counter of bigger timeframe)
Option
- x2 timeframe channel band
- Moving Average can select: RMA", "SMA", "EMA", "WMA", "SWMA", "EVWMA", "JMA", "KAMA", "TMA", "VWMA", "VMA", "VAMA", "VWAP", "SMMA", "HullMA", "HMA", "DEMA", "TEMA"
- have counter price touch with upper or lowwer line
- have alert when counter increase both upper
- show price and counter at end of bands
Buy condition ( use 1 timeframe )
- when low price completed lower than lower lines and count increase of current timeframe channel
Buy condition ( use 2 timeframe )
- when low price completed lower than lower lines and count increase of current channel and counter of lower bigger timeframe channel = 1 or more than 3
(if counter of low line of bigger time frame channel = 2 , not recommend to buy , I think it will continue downtrend to lower channel of bigger timeframe , would confirm counter of bigger timeframe)
Sell condition ( use 1 timeframe )
- when high price completed higher than upper lines and count increase of current timeframe channel
Sell condition ( use 2 timeframe )
- when high price completed higher than upper lines and count increase of current channel and counter of higher bigger timeframe channel = 1 or more than 3
(if counter of high line of bigger time frame channel = 2 , not recommend to Sell , I think it will continue uptrend to upper channel of bigger timeframe , would confirm counter of bigger timeframe)