Price Action Channel Indicator

Cerunnos
14 Sep 2013, 09:28

Price Action Channel Indicator

Done. The indicator Envelopes does the same...

/algos/indicators/show/281

apresau
31 Mar 2014, 18:23 ( Updated at: 21 Dec 2023, 09:20 )

RE:

Cerunnos said:

I'm looking for the Price Action Channel Indicator. Does anyone have experience with it?
Thanks,
Rainer

 

 

Perhaps this may help.

using cAlgo.API;
using cAlgo.API.Indicators;

namespace cAlgo.Indicators
{
    [Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
    public class MAHi_LoBands : Indicator
    {
        private MovingAverage MA;
        private MovingAverage MA_hi;
        private MovingAverage MA_lo;


        [Parameter(DefaultValue = 5)]
        public int Period { get; set; }

        [Parameter("MAType")]
        public MovingAverageType matype { get; set; }

        [Output("Main", Color = Colors.Gray)]
        public IndicatorDataSeries EnvelopeMain { get; set; }

        [Output("ChannelHigh", Color = Colors.DeepSkyBlue)]
        public IndicatorDataSeries ChannelHigh { get; set; }

        [Output("ChannelLow", Color = Colors.Tomato)]
        public IndicatorDataSeries ChannelLow { get; set; }

        protected override void Initialize()
        {
            MA = Indicators.MovingAverage(MarketSeries.Close, Period, matype);
            MA_hi = Indicators.MovingAverage(MarketSeries.High, Period, matype);
            MA_lo = Indicators.MovingAverage(MarketSeries.Low, Period, matype);
        }

        public override void Calculate(int index)
        {
            EnvelopeMain[index] = MA.Result[index];
            ChannelHigh[index] = MA_hi.Result[index];
            ChannelLow[index] = MA_lo.Result[index];
        }
    }
}