Tweet
Dear sirs,
I want to create a simple Channel - but defined by points.
The Channel basis can be a SMA (or an EMA) - the length can be 10 by default (length can be changed).
Upper Channel is SMA (EMA) + 10 points.
Lower Channel is SMA (EMA) - 10 points.
10 points is the default value and can also be changed.
These Channels are called "Pitbull Channels" and are very interesting to spot support and resistance areas!
Kind regards
SMA: Simple Moving Average
EMA: Exponential Moving Average
I want to create a simple Channel - but defined by points.
The Channel basis can be a SMA (or an EMA) - the length can be 10 by default (length can be changed).
Upper Channel is SMA (EMA) + 10 points.
Lower Channel is SMA (EMA) - 10 points.
10 points is the default value and can also be changed.
These Channels are called "Pitbull Channels" and are very interesting to spot support and resistance areas!
Kind regards
SMA: Simple Moving Average
EMA: Exponential Moving Average