Sliding channels

 

This indicator will create a new channel when price breaks out so one way of trading it is to follow the trend and the other is to play the price breakouts.

Files:
slch.gif  44 kb
 
kevinator:
This indicator will create a new channel when price breaks out so one way of trading it is to follow the trend and the other is to play the price breakouts.

I am also playing around with this indicator but I cannot understand what the half dozen settings each do and my search for answers so far has yield nothing.

SR

MainRZZ

FP

SMF

NCHs

 
kevinator:

This indicator will create a new channel when price breaks out so one way of trading it is to follow the trend and the other is to play the price breakouts.

what is the best parameter settings?

 
Olayemi Sulaiman #:

what is the best parameter settings?

after 12 years? if the author will answer your question, it means the indicator realy works.