Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i...
I wrote this up as a potential replacement for my BB based strategies, and so far it's looking pretty nice.
Description / Usage:
Adjust length and multiplier much the same way you would expect with Bollinger Bands.
Multiplier of 1 gives you a base channel consisting of one high, and one low sourced SMA (or EMA)
The outer channels are increments of the base...
SIGNALS THROUGHT THE CRYSTALS
Use this graphic tracer based in crystals to help interpreting the evolution of the price under a new and different perspective.
The form of the crystals and the overlap between them will show a new mode to predict the begin and the end of trends.
A clue... find the triangles. ;)
Parameters: Coloured Crystals?
I realise that was unnecessary EMAs (in version 1), so I removed they.
The green zone is the original EMAs and the blank and gray ones are projected EMAs. I'm using this to know good entry points and the exits for scalping.
(work well only for well defined trends).
Shout out to nPE- for the idea.
Bands made with stdev from 10 day OHLC.
Keeps resolution to daily, so you can use bands as daily pivots for day trading.
Upper band 1=yesterday close + 0.5 std(ohlc,10)
Upper band 1=yesterday close + 1 std(ohlc,10)
Lower band 1=yesterday close - 0.5 std(ohlc,10)
Lower band 2=yesterday close - 1 std(ohlc,1