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Narrowest channel oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=34055
Forum: 17 · Topic 34055 · 5 post(s)
Narrowest channel oscillator
Alexander.Gettinger · Wed Apr 03, 2013 2:18 pm
This indicator is a ported MQL5 indicators from http://www.mql5.com/en/code/1558
Formulas: Range[i] = Max-Min, where Max, min - maximum and minimum prices from (i-Range+1) to i. MinRange[i] - minimum value of Range from (i-Period) to (i-1).
Download:
The indicator was revised and updated
Re: Narrowest channel oscillator
Alexander.Gettinger · Wed Apr 10, 2013 4:11 pm
MQL4 version of this indicator: viewtopic.php?f=38&t=34359
Re: Narrowest channel oscillator
nsaale · Fri Apr 12, 2013 8:30 am
How do you use it?
I don’t understand its signals at all.
Re: Narrowest channel oscillator
Apprentice · Mon Apr 15, 2013 5:09 am
Neither do I, Web reference are very vague, do not forget, in most cases we are just developers.
I can offer a more detailed description. Alex have done a bad job in this regard.
Range will show the current range. Range is calculated as High-Low.
Min. Range will show the smallest range in the last N periods.
Crosing of this two, will provide you indication of changes in market conditions. For example from Ranging to Trending.
Re: Narrowest channel oscillator
Apprentice · Thu May 11, 2017 1:49 pm
Indicator was revised and updated.