Added at the request of BMT member....(ver NT 7.0.1000)
This indicator creates a moving average "channel" between two moving averages, one calculated from the the High, and one caclulated from the Low.
NOTE: Many moving average Channel calculate from the Close/Median.
- The channel colors are configurable, as is the 'opacity' of the channel, and the number of bars included in the MA calculation.
- The channel paints behind the bars, leaving them visible.
- The 'high/low' lines can be colored individually or left transparent with just the channel painting.
- Allows selection of various Moving Averages...(SMA, EMA, WMA, HMA, VMA, TEMA, ZLEMA, SMMA).
NOTE: This indicator differs from a StdDev "envelope" where the channel is calculated on a standard deviation from the center line. These channels contract and expand proportionately with price.
Category NinjaTrader 7 Indicators
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