Registered User
Joined: 8/28/2010
Posts: 17
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Dear Bruce:
1-How do I find the prices that are close to one upper channel line? 2- those prices that are close to the lower channel line and 3-next the middle line of the channel.
Channel outlined by the tool "regression channel" or by any other method
The proximity measure can be a percentage, for each of the three cases described above.
Than you so much indeed.
Alex
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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There really isn't a way to create these sorts of things for drawing tools.
There are indicators with channels however. So you can add things like Acceleration Bands, Bollinger Bands, Custom PCF Channel Indicators, Donchian Channels, Envelope Channels and Keltner Channels to the chart and then create conditions based on the position of price (or in some cases, other indicators) within the channels.
You would do this by clicking on the channels and selecting Create Scan Condition.
Create Conditions from Your Chart (5:25)
The Channel Position Range allows you to set the top and bottom of a range where +100 is the top of the channel, 0 is the center of the channel and -100 is the bottom of the channel.
You can also create conditions for entering channel, exiting channel or being above, below, crossing down or crossing up either the top or bottom bands in a channel.
-Bruce
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