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QG- Better Channel MTF
The idea of a channel similar to Donchian channel but one that expands in trending markets and narrows in a ranging markets was born by Alex Grover on TradingView.
This script is a conversion from original TV script to Ninjascript.
The channel breakout generally indicates beginning of a new trend and pullbacks towards middle of channel are generally reliable trend continuation signals.
I have added multi timeframe version of this script here that shows trend in a higher timeframe and pullbacks in a lower timeframe.
Improvements and additions in this script are welcome.
Category
The Elite Circle
Details:
QG- Better Channel MTF
Category:
The Elite Circle
August 24th, 2022
Size: 3.86 KB
Downloaded: 583 times
Keywords:
better
channel
2559
indiantrader
View Download Details
March 14th, 2024 11:50 AM
Ganymed
March 14th, 2024 11:50 AM
Ganymed
THANKS
February 27th, 2024 06:27 PM
Robinhood
Good Stuff Thanks
February 7th, 2024 10:53 PM
DaysOff
Do you by chance have a link to the original Tradingview indicator?
December 25th, 2023 02:21 AM
BoltTrader
Thank you! Looks good!!
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