This script use :
- A custom Chande Kroll Stop for generate the channel
- Some custom Parabolic S.A.R for generate cycles
This script can be separated into 3 categories:
- Channel Kroll generator : one layer for the actual interval and a layer for a Large Timeframe .(with ratio)
- "Range" generator : one layer for actual Interval and a layer for...
An improved version for minimum and maximum in a day trading session. You can choose the session resolution, it ranges from 1 minute to 1 week.
It works well for stocks and non-extended sessions due to security() function limitations.
Any suggestions, please leave a comment.
Happy trading.
EXPERIMENTAL: trend and range analysis using dolchian and bollinger channels methodology merged into one, possibly it can be used to extract 3d depth of market :p
![EURUSD: [RS]ADR channel V0](https://s3.tradingview.com/l/lHvbPnGc_mid.png "[RS]ADR channel V0")
![USDOLLAR: [RS]Bollinger Bands Breakout Candles V0](https://s3.tradingview.com/4/4ZXqqOkU_mid.png "[RS]Bollinger Bands Breakout Candles V0")
![EURUSD: [RS]GB](https://s3.tradingview.com/f/F7boGrgc_mid.png "[RS]GB")
![SPX: [RS]Dolchian/Bollinger Hybrid V0](https://s3.tradingview.com/7/7gRJLRtu_mid.png "[RS]Dolchian/Bollinger Hybrid V0")