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Channel indicator with fixed value bands
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Channel indicator with fixed value bands

  #1 (permalink)
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Channel indicator with fixed value bands

Do you know of a channel indicator for NT8 that can have its center channel line based on price and the top and bottom bands based on a fixed distance in ticks or points?

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  #2 (permalink)
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sorry, but for what reason you need a channel for this, the price will never leave the mid-line?

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  #3 (permalink)
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For trading vertical spreads.

Having a fixed value offset of the current price allows you to get a rough idea of Delta and also know where the ATM spread will be 2x the current value.

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Isn't that the same as Andrews Pitchfork?

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  #5 (permalink)
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No, those are a drawing tool used for market geometry analysis. I was hoping to track down an indicator but all of them I own and know of typically have the outer bands based on either SD or another form of Moving average.

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Fibbee View Post
Do you know of a channel indicator for NT8 that can have its center channel line based on price and the top and bottom bands based on a fixed distance in ticks or points?

Check the NT8 Indicator section here on Futures.io.

I suggest one of these:
https://futures.io/local_links.php?action=ratelink&catid=27&linkid=1996
i.e. Regression Channel (amaRegressionChannel)

or
Multiple Keltner Channels (amaMultiKeltner)
or
Multiple Moving Average Crosses (amaMultiMACross)

The first one is a regression indicator and can be set to a fixed price

The last one by Fat Tails has all the moving averages you could want including Median lines

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  #7 (permalink)
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Snake to Serpent indicator od stepping indicator


DavidHP View Post
Check the NT8 Indicator section here on Futures.io.

I suggest one of these:
https://futures.io/local_links.php?action=ratelink&catid=27&linkid=1996
i.e. Regression Channel (amaRegressionChannel)

or
Multiple Keltner Channels (amaMultiKeltner)
or
Multiple Moving Average Crosses (amaMultiMACross)

The first one is a regression indicator and can be set to a fixed price

The last one by Fat Tails has all the moving averages you could want including Median lines

I look at the post and suggest there are two ways to get to where you want to end up but they require you to trust the inherent stock vibrations of the market you are looking at, rather than trying to impose some artificial trend or channel vibration rate because it looks nice after the fact.

If I knew how to do it I would show some of my Snake to Serpent indicators which can show cause and effect as they are based on measuring the forces of supply & demand within the context of the naturally occurring price vibrations.

In addition, if you can understand idealized price structures suggested by Richard Wyckoff, or Stan Weinstein, there are methods to go back to recent market stages to the one you are anticipating for the same stock, and calculate the likely vibration rate that should repeat in the future. On the proviso, that no major changes in economic, monetary and war conditions have occurred since the previous market phase and the anticipated market phase has occurred. In which case, you could use my stepping vibration indicator and program suitable stop loss distances therefrom on either side of the fixed moving average (as Gann would sometimes describe his angles).


Last edited by cmacdon; August 21st, 2019 at 03:38 AM.
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  #8 (permalink)
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Fibbee View Post
Do you know of a channel indicator for NT8 that can have its center channel line based on price and the top and bottom bands based on a fixed distance in ticks or points?

You could take any Keltner Channel or Bollinger Band and then replace the dynamic offset calculated from the ATR or standard deviation with a fixed offset that is set in ticks.

Which moving average would you choose as the center band?

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  #9 (permalink)
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Fat Tails View Post
You could take any Keltner Channel or Bollinger Band and then replace the dynamic offset calculated from the ATR or standard deviation with a fixed offset that is set in ticks.

Which moving average would you choose as the center band?

Ideally a median

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  #10 (permalink)
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Fibbee View Post
Ideally a median

Quick and dirty. Fixed channel around a median.

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