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Need help developing and Indicator
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Need help developing and Indicator

  #1 (permalink)
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Need help developing and Indicator

*an

I am trying to develop an indicator and/or modify the Supertrend M1 indicator. I want to display a channel "zone" around the SuperTrend M1 indicators ATR line. I am essentially looking to know/see when the price crosses a certain threshold, say 5 or 10 ticks away.

I am familiar with the Channel Ma indicator in the NT section and that is essentially what I am looking for, something to plot the same value as the M1 and throw off an opacity channel on the up/down side. It would just be based off of the same ATR Median line and not a moving average.

Any help would be greatly appreciated.

Thanks!


Last edited by Fibbee; April 10th, 2012 at 02:39 AM.
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  #2 (permalink)
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Screenshot

Here is a visual example of what I am trying to accomplish.

FIBBEE

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  #3 (permalink)
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Fibbee View Post
Here is a visual example of what I am trying to accomplish.

You would need to another plot to the indicator and then draw that new line N ticks below (downtrend) or above (uptrend) the stopline of the SuperTrend. It is a little modification of the indicator.

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