A user named Fugitive69 -- made this is a very interesting indicator.
It is possible to make some kind of strategy with it BUT I reversed the AREA COLORS on mine.
I made the top area has to be Deep Pink - because that is a sell area
-- and I made the lower area the Lime to indicate a buy area
But still I would like to see how he and others particularly would use this indicator .....? I am still kind of confused on how you use it. I can see some value in it >>> like being able to have a Limit buy entry a DISTANCE BELOW the live bid/ask -- and that X tick distance is the Range of bars from the channel?
It is would be interesting if you did a small video with ShareX or Snag it and uploaded it on Youtube just showing some ideas with this indi.
I think it has potential and we can make it better.
Or develop a strategy using other indis.
This feels like a good indicator to get into a trend on a "pullback" with the pullback being somewhere on the internal channel. Is that correct?
BECAUSE -- the Pullback will always be X number of ticks away of BAR RANGE.
I needed wanted to make a thread so we can share ideas on this indicator.