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Registered User
Joined: 7/30/2007
Posts: 1,072
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Hi Bruce, I might have asked this before but I can't find it in my archives...
What's the easiest/best way to plot a channel around price using an EMA as the center line and a percentage for the upper & lower bands?
For example:
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EMA(25) centerline
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Upper band 1.5% above centerline
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Lower band 1.5% below centerline
Thanks!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Add an Envelope Channel indicator to the chart with the Period set to 25, the Average Type set to Exponential and the Width (%) setting set to 1.50.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 7/30/2007
Posts: 1,072
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Awesome, Bruce. Thanks again!
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Registered User
Joined: 9/18/2014
Posts: 4
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Putt4dough how do u set up a scan to oepn above the lower eenvelop line?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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QUOTE (Majidmtl)
Putt4dough how do u set up a scan to oepn above the lower eenvelop line?
Add a custom indicator O for the open.
Select : crossing up Chan bottom.
Thanks
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Registered User
Joined: 7/30/2007
Posts: 1,072
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Sorry, Majidmtl, the "watch this topic" feature is broken and I didn't see this until now. Looks like diceman has you squared away.
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