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Hmm this seems like a good start but the formula below seems to base
the channels on closing proces rather than high and low prices, so
the lines would be:
Value2 = HHV(High,Lookback);
Value3 = LLV(Low,Lookback);
This corrects part of the problem but the bottom channel line is
still not the same distance from the EMA as the top as it should be.
I'll work on this tomorrow but for now I need to go to bed...
Chris
--- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
wrote:
> Lookback=45;
>
> PerCent=95;
>
> x=C;
>
> Osc=x; /*insert variable by Identifier*/
>
> /****************************************/
>
> /*Value of Osc*/
>
> Value1 = Osc;
>
> /*Highest AND Lowest Values of Osc during Lookback Period*/
>
> Value2 = HHV(Value1,Lookback);
>
> Value3 = LLV(Value1,Lookback);
>
> /*Range of Osc during Lookback Period*/
>
> Value4 = Value2 - Value3;
>
> /*Define PerCent of Range to determine OB AND OS levels*/
>
> Value5 = Value4 * (PerCent / 100);
>
> /*Calculate OB AND OS levels*/
>
> Value6 = Value3 + Value5;
>
> Value7 = Value2 - Value5;
>
> baseline=(value2 + value3)/2;
>
> Plot(C,"",colorBlack,styleCandle);
>
> Plot(Value6,"",colorRed,styleLine);
>
> Plot(Value7,"",colorRed,styleLine);
>
>
> ---
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