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PaintBar Factory

  #66 (permalink)

Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
Fat Tails's Avatar
Posts: 9,801 since Mar 2010
Thanks: 4,238 given, 26,445 received

Hi Mark,

the iTunnel is overpriced. It can be coded in a few minutes. All you need to do:

-> select a smooth moving average
-> add n ticks for the upper channel
-> deduct n ticks for the lower channel
-> change the color of the channel when the slope changes from positive to negative or vice-versa

Alternatively, you can apply any moving average to the High series and then again to the Low series. The chart attached shows a Tillson T3, colored, with period 35 applied to Highs and Lows. It is not exactly identical to the iTunnel, but you can try with various moving averages and periods to find your personal tunnel.

Attached Thumbnails
PaintBar Factory-es-09-11-60-min-12_07_2011.jpg  

Last edited by Big Mike; August 26th, 2011 at 12:41 PM. Reason: removed quote by request
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