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Hello list
This indicator only marks channels that are exactly ChaLen bars long.
Can anyone offer suggestions of how to change this indicator so that
it shows multiple length channels, or all length channels up to a set
amount.
Thanks
SC
>From ELSI9612
Narrow Sideways Channel
Plots a channel based on the highest and lowest price in a range. The
channel width is specified, using the input ChaRange.
Input:ChaLen(4),ChaMarge(10),ChaRange(200);
Vars:ChaLenV(ChaLen+1);
if Range < ChaRange then begin
for value1 = ChaLenV downto 0 begin
if H[value1] < H + ChaMarge then
value2 = value2 + 1 else begin
value2 = 0; value3 = 0; end;
if L[value1] > L - ChaMarge then
value3 = value3 + 1 else begin
value2 = 0; value3 = 0; end;
end;
if value2 = ChaLenV - 1 and value3 = ChaLenV -1 then begin
for value4 = ChaLenV - 2 downto 0 begin
Plot1[value4](H + ChaMarge,"uline");
Plot2[value4](L - ChaMarge,"dline");
end;
end;
value2 = 0;
value3 = 0;
end;
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