This indicator creates a moving average "channel" between the high and the low.
- The channel colors are configurable, as is the 'opacity' of the channel, and the number of bars included in the MA calculation.
- The channel paints behind the bars, leaving them visible.
- The 'high/low' lines can be colored individually or left transparent with just the channel painting.
- Allows selection of various Moving Averages...(SMA, EMA, WMA, HMA, VMA, TEMA, ZLEMA).
NOTE: This differs from a StdDev "envelope" where the channel is calculated on a standard deviation from the center line. These channels contract and expand proportionately with price.
| Created By | photog53 |
| NinjaTrader Version | 7 |
| File Size | 22.1 KB |
| Create Date | 06/28/2010 |
| # of Downloads | 3219 |
Importing to NinjaTrader 7 is Easy!
To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:
- Download the app or add-on file to your desktop
- From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
- Select the downloaded file from your desktop
Questions?
Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.