Bruce

I would like to plot a channel around the current group of candles (like 4 to 6)

I would like it to be defined simply by a set range and plot like a don channel

Like .60 Wide channel top to bottom

Add a Custom PCF Channel Indicator. The following Indicator Line Formula assumes you want the center of the channel to be the center of the range over 6 bars.

(MAXH6 + MINL6) / 2

Then set the Channel Width Formula to half the desired width. So for a width of .60, the formula would be the following.

.3

I would like to plot the bottom of the channel of the most recent LOW and when a next pivot High reverse (if that high was outside the channel ) have the top of the channel move to the pivot high

OR have 2 channels ONE that shift up with the higher prints and ONE that shifts down with the lower prints

Assuming the pivot high is a high surrounded by two lower highs, then the top of the "high" channel would be the following.

IIF(MAXH2 < H2 AND H2 > MAXH2.3, H2, IIF(MAXH2.1 < H3 AND H3 > MAXH2.4, H3, IIF(MAXH2.2 < H4 AND H4 > MAXH2.5, H4, IIF(MAXH2.3 < H5 AND H5 > MAXH2.6, H5, IIF(MAXH2.4 < H6 AND H6 > MAXH2.7, H6, IIF(MAXH2.5 < H7 AND H7 > MAXH2.8, H7, IIF(MAXH2.6 < H8 AND H8 > MAXH2.9, H8, IIF(MAXH2.7 < H9 AND H9 > MAXH2.10, H9, IIF(MAXH2.8 < H10 AND H10 > MAXH2.11, H10, IIF(MAXH2.9 < H11 AND H11 > MAXH2.12, H11, IIF(MAXH2.10 < H12 AND H12 > MAXH2.13, H12, IIF(MAXH2.11 < H13 AND H13 > MAXH2.14, H13, IIF(MAXH2.12 < H14 AND H14 > MAXH2.15, H14, IIF(MAXH2.13 < H15 AND H15 > MAXH2.16, H15, IIF(MAXH2.14 < H16 AND H16 > MAXH2.17, H16, IIF(MAXH2.15 < H17 AND H17 > MAXH2.18, H17, IIF(MAXH2.16 < H18 AND H18 > MAXH2.19, H18, IIF(MAXH2.17 < H19 AND H19 > MAXH2.20, H19, IIF(MAXH2.18 < H20 AND H20 > MAXH2.21, H20, IIF(MAXH2.19 < H21 AND H21 > MAXH2.22, H21, IIF(MAXH2.20 < H22 AND H22 > MAXH2.23, H22, IIF(MAXH2.21 < H23 AND H23 > MAXH2.24, H23, IIF(MAXH2.22 < H24 AND H24 > MAXH2.25, H24, IIF(MAXH2.23 < H25 AND H25 > MAXH2.26, H25, IIF(MAXH2.24 < H26 AND H26 > MAXH2.27, H26, IIF(MAXH2.25 < H27 AND H27 > MAXH2.28, H27, IIF(MAXH2.26 < H28 AND H28 > MAXH2.29, H28, IIF(MAXH2.27 < H29 AND H29 > MAXH2.30, H29, IIF(MAXH2.28 < H30 AND H30 > MAXH2.31, H30, IIF(MAXH2.29 < H31 AND H31 > MAXH2.32, H31, IIF(MAXH2.30 < H32 AND H32 > MAXH2.33, H32, IIF(MAXH2.31 < H33 AND H33 > MAXH2.34, H33, IIF(MAXH2.32 < H34 AND H34 > MAXH2.35, H34, IIF(MAXH2.33 < H35 AND H35 > MAXH2.36, H35, IIF(MAXH2.34 < H36 AND H36 > MAXH2.37, H36, IIF(MAXH2.35 < H37 AND H37 > MAXH2.38, H37, IIF(MAXH2.36 < H38 AND H38 > MAXH2.39, H38, IIF(MAXH2.37 < H39 AND H39 > MAXH2.40, H39, IIF(MAXH2.38 < H40 AND H40 > MAXH2.41, H40, IIF(MAXH2.39 < H41 AND H41 > MAXH2.42, H41, IIF(MAXH2.40 < H42 AND H42 > MAXH2.43, H42, IIF(MAXH2.41 < H43 AND H43 > MAXH2.44, H43, IIF(MAXH2.42 < H44 AND H44 > MAXH2.45, H44, IIF(MAXH2.43 < H45 AND H45 > MAXH2.46, H45, IIF(MAXH2.44 < H46 AND H46 > MAXH2.47, H46, IIF(MAXH2.45 < H47 AND H47 > MAXH2.48, H47, IIF(MAXH2.46 < H48 AND H48 > MAXH2.49, H48, IIF(MAXH2.47 < H49 AND H49 > MAXH2.50, H49, IIF(MAXH2.48 < H50 AND H50 > MAXH2.51, H50, IIF(MAXH2.49 < H51 AND H51 > MAXH2.52, H51, 1 / 0))))))))))))))))))))))))))))))))))))))))))))))))))

And the bottom of the "Low" channel would be the following.

IIF(MINL2.0 > L2 AND L2 < MINL2.3, L2, IIF(MINL2.1 > L3 AND L3 < MINL2.4, L3, IIF(MINL2.2 > L4 AND L4 < MINL2.5, L4, IIF(MINL2.3 > L5 AND L5 < MINL2.6, L5, IIF(MINL2.4 > L6 AND L6 < MINL2.7, L6, IIF(MINL2.5 > L7 AND L7 < MINL2.8, L7, IIF(MINL2.6 > L8 AND L8 < MINL2.9, L8, IIF(MINL2.7 > L9 AND L9 < MINL2.10, L9, IIF(MINL2.8 > L10 AND L10 < MINL2.11, L10, IIF(MINL2.9 > L11 AND L11 < MINL2.12, L11, IIF(MINL2.10 > L12 AND L12 < MINL2.13, L12, IIF(MINL2.11 > L13 AND L13 < MINL2.14, L13, IIF(MINL2.12 > L14 AND L14 < MINL2.15, L14, IIF(MINL2.13 > L15 AND L15 < MINL2.16, L15, IIF(MINL2.14 > L16 AND L16 < MINL2.17, L16, IIF(MINL2.15 > L17 AND L17 < MINL2.18, L17, IIF(MINL2.16 > L18 AND L18 < MINL2.19, L18, IIF(MINL2.17 > L19 AND L19 < MINL2.20, L19, IIF(MINL2.18 > L20 AND L20 < MINL2.21, L20, IIF(MINL2.19 > L21 AND L21 < MINL2.22, L21, IIF(MINL2.20 > L22 AND L22 < MINL2.23, L22, IIF(MINL2.21 > L23 AND L23 < MINL2.24, L23, IIF(MINL2.22 > L24 AND L24 < MINL2.25, L24, IIF(MINL2.23 > L25 AND L25 < MINL2.26, L25, IIF(MINL2.24 > L26 AND L26 < MINL2.27, L26, IIF(MINL2.25 > L27 AND L27 < MINL2.28, L27, IIF(MINL2.26 > L28 AND L28 < MINL2.29, L28, IIF(MINL2.27 > L29 AND L29 < MINL2.30, L29, IIF(MINL2.28 > L30 AND L30 < MINL2.31, L30, IIF(MINL2.29 > L31 AND L31 < MINL2.32, L31, IIF(MINL2.30 > L32 AND L32 < MINL2.33, L32, IIF(MINL2.31 > L33 AND L33 < MINL2.34, L33, IIF(MINL2.32 > L34 AND L34 < MINL2.35, L34, IIF(MINL2.33 > L35 AND L35 < MINL2.36, L35, IIF(MINL2.34 > L36 AND L36 < MINL2.37, L36, IIF(MINL2.35 > L37 AND L37 < MINL2.38, L37, IIF(MINL2.36 > L38 AND L38 < MINL2.39, L38, IIF(MINL2.37 > L39 AND L39 < MINL2.40, L39, IIF(MINL2.38 > L40 AND L40 < MINL2.41, L40, IIF(MINL2.39 > L41 AND L41 < MINL2.42, L41, IIF(MINL2.40 > L42 AND L42 < MINL2.43, L42, IIF(MINL2.41 > L43 AND L43 < MINL2.44, L43, IIF(MINL2.42 > L44 AND L44 < MINL2.45, L44, IIF(MINL2.43 > L45 AND L45 < MINL2.46, L45, IIF(MINL2.44 > L46 AND L46 < MINL2.47, L46, IIF(MINL2.45 > L47 AND L47 < MINL2.48, L47, IIF(MINL2.46 > L48 AND L48 < MINL2.49, L48, IIF(MINL2.47 > L49 AND L49 < MINL2.50, L49, IIF(MINL2.48 > L50 AND L50 < MINL2.51, L50, IIF(MINL2.49 > L51 AND L51 < MINL2.52, L51, 1 / 0))))))))))))))))))))))))))))))))))))))))))))))))))

You have some different options on how to draw the actual channels. The easiest would probably be to use four Custom PCF Indicators plotted in the same pane and scale as price. Use the indicators as given above in two of the Custom PCF Indicators. In the second "high" indicator, use the formula for the high and add - .6 at the end. In the second "low" indicator, use the formula for the low and add + .6 to the end.

You could also do this with two Custom PCF Channel Indicators, but it is a bit more complicated to setup. You would need to subtract .3 from the high formula and add .3 to the low formula to get the formula for the centerline. And then you would need to set the value to add/subtract to .3 as well. 

i do have a couple more options but i do not have a clue what you meant about the 4 custom pcf indicators?

let me test and see. 

A Custom PCF Indicator is an indicator just like any other indicator. You will want it in the same pane and scale as price.

In two of them use the exact formulas given above in the Formula. In the other other two, you will either subtract .6 or add .6 to the formula to create the other half of the channel.

is the high support to plot the upper line at the pivot high, then lower line .60 cents under?

i just saw this

Add a Custom PCF Channel Indicator. The following Indicator Line Formula assumes you want the center of the channel to be the center of the range over 6 bars.

(MAXH6 + MINL6) / 2

Then set the Channel Width Formula to half the desired width. So for a width of .60, the formula would be the following.

.3

let me try it

that channel is not it

If you are going to use 2 channel indicators, then the high channel would have the following Indicator Line Formula.

IIF(MAXH2 < H2 AND H2 > MAXH2.3, H2, IIF(MAXH2.1 < H3 AND H3 > MAXH2.4, H3, IIF(MAXH2.2 < H4 AND H4 > MAXH2.5, H4, IIF(MAXH2.3 < H5 AND H5 > MAXH2.6, H5, IIF(MAXH2.4 < H6 AND H6 > MAXH2.7, H6, IIF(MAXH2.5 < H7 AND H7 > MAXH2.8, H7, IIF(MAXH2.6 < H8 AND H8 > MAXH2.9, H8, IIF(MAXH2.7 < H9 AND H9 > MAXH2.10, H9, IIF(MAXH2.8 < H10 AND H10 > MAXH2.11, H10, IIF(MAXH2.9 < H11 AND H11 > MAXH2.12, H11, IIF(MAXH2.10 < H12 AND H12 > MAXH2.13, H12, IIF(MAXH2.11 < H13 AND H13 > MAXH2.14, H13, IIF(MAXH2.12 < H14 AND H14 > MAXH2.15, H14, IIF(MAXH2.13 < H15 AND H15 > MAXH2.16, H15, IIF(MAXH2.14 < H16 AND H16 > MAXH2.17, H16, IIF(MAXH2.15 < H17 AND H17 > MAXH2.18, H17, IIF(MAXH2.16 < H18 AND H18 > MAXH2.19, H18, IIF(MAXH2.17 < H19 AND H19 > MAXH2.20, H19, IIF(MAXH2.18 < H20 AND H20 > MAXH2.21, H20, IIF(MAXH2.19 < H21 AND H21 > MAXH2.22, H21, IIF(MAXH2.20 < H22 AND H22 > MAXH2.23, H22, IIF(MAXH2.21 < H23 AND H23 > MAXH2.24, H23, IIF(MAXH2.22 < H24 AND H24 > MAXH2.25, H24, IIF(MAXH2.23 < H25 AND H25 > MAXH2.26, H25, IIF(MAXH2.24 < H26 AND H26 > MAXH2.27, H26, IIF(MAXH2.25 < H27 AND H27 > MAXH2.28, H27, IIF(MAXH2.26 < H28 AND H28 > MAXH2.29, H28, IIF(MAXH2.27 < H29 AND H29 > MAXH2.30, H29, IIF(MAXH2.28 < H30 AND H30 > MAXH2.31, H30, IIF(MAXH2.29 < H31 AND H31 > MAXH2.32, H31, IIF(MAXH2.30 < H32 AND H32 > MAXH2.33, H32, IIF(MAXH2.31 < H33 AND H33 > MAXH2.34, H33, IIF(MAXH2.32 < H34 AND H34 > MAXH2.35, H34, IIF(MAXH2.33 < H35 AND H35 > MAXH2.36, H35, IIF(MAXH2.34 < H36 AND H36 > MAXH2.37, H36, IIF(MAXH2.35 < H37 AND H37 > MAXH2.38, H37, IIF(MAXH2.36 < H38 AND H38 > MAXH2.39, H38, IIF(MAXH2.37 < H39 AND H39 > MAXH2.40, H39, IIF(MAXH2.38 < H40 AND H40 > MAXH2.41, H40, IIF(MAXH2.39 < H41 AND H41 > MAXH2.42, H41, IIF(MAXH2.40 < H42 AND H42 > MAXH2.43, H42, IIF(MAXH2.41 < H43 AND H43 > MAXH2.44, H43, IIF(MAXH2.42 < H44 AND H44 > MAXH2.45, H44, IIF(MAXH2.43 < H45 AND H45 > MAXH2.46, H45, IIF(MAXH2.44 < H46 AND H46 > MAXH2.47, H46, IIF(MAXH2.45 < H47 AND H47 > MAXH2.48, H47, IIF(MAXH2.46 < H48 AND H48 > MAXH2.49, H48, IIF(MAXH2.47 < H49 AND H49 > MAXH2.50, H49, IIF(MAXH2.48 < H50 AND H50 > MAXH2.51, H50, IIF(MAXH2.49 < H51 AND H51 > MAXH2.52, H51, 1 / 0)))))))))))))))))))))))))))))))))))))))))))))))))) - .3

And the following Channel Width Formula.

.3

And the low channel would have the following Indicator Line Formula.

IIF(MINL2.0 > L2 AND L2 < MINL2.3, L2, IIF(MINL2.1 > L3 AND L3 < MINL2.4, L3, IIF(MINL2.2 > L4 AND L4 < MINL2.5, L4, IIF(MINL2.3 > L5 AND L5 < MINL2.6, L5, IIF(MINL2.4 > L6 AND L6 < MINL2.7, L6, IIF(MINL2.5 > L7 AND L7 < MINL2.8, L7, IIF(MINL2.6 > L8 AND L8 < MINL2.9, L8, IIF(MINL2.7 > L9 AND L9 < MINL2.10, L9, IIF(MINL2.8 > L10 AND L10 < MINL2.11, L10, IIF(MINL2.9 > L11 AND L11 < MINL2.12, L11, IIF(MINL2.10 > L12 AND L12 < MINL2.13, L12, IIF(MINL2.11 > L13 AND L13 < MINL2.14, L13, IIF(MINL2.12 > L14 AND L14 < MINL2.15, L14, IIF(MINL2.13 > L15 AND L15 < MINL2.16, L15, IIF(MINL2.14 > L16 AND L16 < MINL2.17, L16, IIF(MINL2.15 > L17 AND L17 < MINL2.18, L17, IIF(MINL2.16 > L18 AND L18 < MINL2.19, L18, IIF(MINL2.17 > L19 AND L19 < MINL2.20, L19, IIF(MINL2.18 > L20 AND L20 < MINL2.21, L20, IIF(MINL2.19 > L21 AND L21 < MINL2.22, L21, IIF(MINL2.20 > L22 AND L22 < MINL2.23, L22, IIF(MINL2.21 > L23 AND L23 < MINL2.24, L23, IIF(MINL2.22 > L24 AND L24 < MINL2.25, L24, IIF(MINL2.23 > L25 AND L25 < MINL2.26, L25, IIF(MINL2.24 > L26 AND L26 < MINL2.27, L26, IIF(MINL2.25 > L27 AND L27 < MINL2.28, L27, IIF(MINL2.26 > L28 AND L28 < MINL2.29, L28, IIF(MINL2.27 > L29 AND L29 < MINL2.30, L29, IIF(MINL2.28 > L30 AND L30 < MINL2.31, L30, IIF(MINL2.29 > L31 AND L31 < MINL2.32, L31, IIF(MINL2.30 > L32 AND L32 < MINL2.33, L32, IIF(MINL2.31 > L33 AND L33 < MINL2.34, L33, IIF(MINL2.32 > L34 AND L34 < MINL2.35, L34, IIF(MINL2.33 > L35 AND L35 < MINL2.36, L35, IIF(MINL2.34 > L36 AND L36 < MINL2.37, L36, IIF(MINL2.35 > L37 AND L37 < MINL2.38, L37, IIF(MINL2.36 > L38 AND L38 < MINL2.39, L38, IIF(MINL2.37 > L39 AND L39 < MINL2.40, L39, IIF(MINL2.38 > L40 AND L40 < MINL2.41, L40, IIF(MINL2.39 > L41 AND L41 < MINL2.42, L41, IIF(MINL2.40 > L42 AND L42 < MINL2.43, L42, IIF(MINL2.41 > L43 AND L43 < MINL2.44, L43, IIF(MINL2.42 > L44 AND L44 < MINL2.45, L44, IIF(MINL2.43 > L45 AND L45 < MINL2.46, L45, IIF(MINL2.44 > L46 AND L46 < MINL2.47, L46, IIF(MINL2.45 > L47 AND L47 < MINL2.48, L47, IIF(MINL2.46 > L48 AND L48 < MINL2.49, L48, IIF(MINL2.47 > L49 AND L49 < MINL2.50, L49, IIF(MINL2.48 > L50 AND L50 < MINL2.51, L50, IIF(MINL2.49 > L51 AND L51 < MINL2.52, L51, 1 / 0)))))))))))))))))))))))))))))))))))))))))))))))))) + .3

And the following Channel Width Formula.

.3

What i want is an upper Channel at the last pivot high

the in the same indicator i want a lower LINE plotted exactly .60 below the upper

(i would like to know how to change the .60 part to other needs in the indicator to plot the bottom line differnent)

*********************************************************************

IF THIS WAS ABLE TO FIND THE LOWER LINE BREACHED, THEN MOVE THE LOWER TO THE PIVOT LEVEL AND PLOT THE UPPER LINE .60 ABOVE - after a pivot low

***********

i do not think that can be done so figure will need separate one for the opposite

***************

Lower Line at the Lower , then an upper .60 above the lower line

Thanks

Assuming a pivot high is a high with two lower lows on both sides and a pivot low is a low with two higher lows on both sides, then the indicator settings given for the Custom PCF Channel Indicators in my Friday, February 02, 2018 1:24:23 PM ET post do this

The lines will start plotting at the point where the pivot high or pivot low can first be detected. There are two indicators. One is for the pivot high that keeps plotting until the next pivot high is detected and the other for the pivot low which keeps plotting until the next pivot low is detected.

The indicators can look back up to 50 bars for a pivot high or pivot low but will no longer be able to detect the previous pivot high or pivot low if it was further back than that.

The - .3 and +.3 at the end of the long formulas represent half the .6 as does the .3 used for the Channel Width Formula. You need to change these instances of .3 to half of whatever other value you want to use if you want to use a value other than .6 as the difference between the top and bottom of the channel.

i did not get it before, ok i  got the channels on chart, with opposite plot figure out

PRETTY CLOSE thanks

You're welcome.