JayRogers

High-Low Difference Channels - SMA/EMA

JayRogers Aktualisiert   
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.

Description / Usage:
  • Adjust length and multiplier much the same way you would expect with Bollinger Bands.
  • Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
  • The outer channels are increments of the base channels width, away from the median hl2 sourced SMA (..or EMA)
Kommentar:
New revision here, with more MA options than you can shake a stick at:
Kommentar:
Final revision done.

Added (optional) select-able fixed resolutions, so you can have 1 hour bands on your 1 minute chart if you do so feel inclined.

Otherwise just some minor code cleaning and proper commenting:
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

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Möchten Sie dieses Skript auf einem Chart verwenden?
//@version=2

study(title="High-Low Difference Channels - SMA/EMA", shorttitle="HLDC", overlay=true)

// Revision:    1
// Author:      JayRogers
// Reasoning:   I wrote this up as a potential replacement for my BB based strategies, and so far it's
//              looking pretty nifty.
//
// Description / Usage:
//
//  - Adjust length and multiplier much the same way you would expect with Bollinger Bands.
//  - multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
//  - The outer channels are increments of the base channels width, away from the median hl2 sourced SMA (..or EMA)

hlc_length      = input(50, title="Channel Length", minval=1)
hlc_diffMult    = input(1.5, title="Difference Multiplier", minval=0.1, maxval=50)
hlc_useEMA      = input(false, title="Use EMA instead of SMA?")

hl2_line    = hlc_useEMA ? ema(hl2, hlc_length) : sma(hl2, hlc_length)
high_line   = hlc_useEMA ? ema(high, hlc_length) : sma(high, hlc_length)
low_line    = hlc_useEMA ? ema(low, hlc_length) : sma(low, hlc_length)

diffMult(num) =>
    hldm = (high_line - low_line) * hlc_diffMult
    r = hldm * num

midline     = plot(hl2_line, title="Midline", color=silver, transp=0)

highLine    = plot(hl2_line + (diffMult(1) / 2), title="Center Channel Upper", color=silver, transp=100)
lowLine     = plot(hl2_line - (diffMult(1) / 2), title="Center Channel Lower", color=silver, transp=100)

diffUp1     = plot(hl2_line + diffMult(1), title="High Diff 1", color=silver, transp=0)
diffUp2     = plot(hl2_line + diffMult(2), title="High Diff 2", color=silver, transp=0)
diffUp3     = plot(hl2_line + diffMult(3), title="High Diff 3", color=silver, transp=0)

diffDown1   = plot(hl2_line - diffMult(1), title="Low Diff 1", color=silver, transp=0)
diffDown2   = plot(hl2_line - diffMult(2), title="Low Diff 2", color=silver, transp=0)
diffDown3   = plot(hl2_line - diffMult(3), title="Low Diff 3", color=silver, transp=0)

fill(highLine, lowLine, title="Center High-Low Fill", color=silver, transp=50)