JustUncleL

21 июля 2017 г., 05:04

Price Action Channel Master by JustUncleL

Australian Dollar/U.S. DollarFXCM

Описание

⋅ 21 июля 2017 г., 05:04

This indicator combines a number of PAC types into one indicator and will replace some of my previously PAC scripts (some were not published).
It draws a Moving Average (MA) channel based on various boundary criteria. Even though the MA choices are not limited to SMA and EMA, these would be the your first choices with most PAC requirements, feel free to experiment though.
Optional Bar colouring around that channel.

Options Available:

(1) Select between 11 different types of moving averages for the base (centre) MA line choices are :

SMA = Simple Moving Average (default)
EMA = Exponential Moving Average.
WMA = Weighted Moving Average
VWMA = Volume Weighted Moving Average
SMMA = Smoothed Simple Moving Average.
DEMA = Double Exponential Moving Average
TEMA = Triple Exponential Moving Average.
HullMA = Hull Moving Average
SSMA = Ehlers Super Smoother Moving average
ZEMA = Near Zero Lag Exponential Moving Average.
TMA = Triangular (smoothed) Simple Moving Average.

(2) Select Channel Boundary Criteria:

HILO = Channel boundaries based on High and Low MAs (default).
ATR = Channel boundaries are Multiplier * ATR distance from base line
PIP = Channel boundaries are Multiplier * PIPs distance from base line
STDEV = Channel boundaries are Multiplier * StdDev(price) distance from base line (this is the same as Bollinger bands if SMA is the base MA)
KC = Channel boundaries are Multiplier * StdDev(True Range) distance from base line (this is the same as Keltner channel if SMA is the base MA)

(3) Option to display coloured Candles around the Ribbon, the colouring uses the Default candle 3-tone colour scheme:

Lime = candle closed above Ribbon.
Red = candle closed below Ribbon.
Gray = Candle Closed inside Ribbon.

The Grab candles 6-tone colour scheme:
[List]
*Lime = Bull candle closed above Ribbon.
*Green = Bear candle closed above Ribbon.
*Red = Bull candle closed below Ribbon.
*DarkRed = Bear candle closed below Ribbon.
*Aqua = Bull candle closed inside Ribbon.
*Blue = Bear candle closed inside Ribbon.

Информация о релизе

⋅ 21 июля 2017 г., 13:10

Corrected Error for KC lower boundary, thanks to sal157011
Corrected Date of script released.

Информация о релизе

⋅ 22 июля 2017 г., 02:15

By request, optional second channel added.

Информация о релизе

⋅ 12 дек 2017 г., 02:42

... Minor improvements.

Updated inputs to use selectable options.
Added implied GPL copyright notice.
Added SWMA and Laguerre types to moving average options.

Комментарии

TheInvestor2013

⋅ 25 сен 2021 г., 07:12

Pleae can someone add "BUY" and "SELL" alarm/alert on this scriprt?

TheInvestor2013

⋅ 21 сен 2021 г., 06:51

Hi.
What is "Gamma for LAGMA" for?

Wealth_Guide

⋅ 27 мая 2020 г., 06:33

Really interesting. Is it possible to add the trend indicator from your script - EMA Wave and GRaB Candles by JustUncleL?

Harpingo

⋅ 12 июля 2019 г., 23:32

The coolest thing about JustuncleL indicators is the versatility. You can test so many ideas off of one code. It's awesome!! <3

per-aspera-ad-astra

⋅ 16 мая 2022 г., 15:52

Thanks for sharing this script.

Would it be possible to have 2 additions made when you decide to update it?
- add support for JMA (jurik moving average), I find it preferable to ZLSMA
- add multi time frame support for the second channel?

and alerts would be welcomed

LDJP

⋅ 18 июня 2023 г., 17:13

This, on an applied timeframe would be really sweet. Good job!

schoutenatj

⋅ 12 мая 2023 г., 13:12

Is there any chance that you can build a option for selecting a specific timeframe? I would love to have the channel stuck on the daily or 4H and trade it on the 15 min. Can you help me with that?

Moninsan

⋅ 20 мая 2021 г., 03:30

I want to say thank you for your indicators. Just have one question. What kind of indicators green colour one you used with this indicators

JustUncleL

⋅ 21 мая 2021 г., 00:04

@Moninsan, There are no extra indicators with the sample screenshot, all the indication is built into the script and can be selected through the script options.

Anthonyp652

⋅ 28 июля 2020 г., 10:09

Hi there, thank you for creating and sharing this indicator. I use this as my main indicator. I have added some additional EMAs 50, 200, 300 and 380. Thanks!

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