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jasonnyberg

PercentChannel

jasonnyberg Updated   
Volatility Trend Analysis Breadth Indicators
14
3
volatility trendanalysis breadthstudies
Similar to my "DollarChannel" script, this keeps track of lows and highs, but snaps a line whenever A) the high exceeds low+(low*ratio), or B) low falls under high-(high*ratio).

This results in a channel that tracks percent-changes rather than absolute dollar-value changes.
Release Notes:
Added alerts when channel thresholds are crossed.
Release Notes:
Update to v5
Add rising/falling alerts (can enable them independently)
Fix signed-ness bug (now works with tickers like "0-VIX" (i.e. inverted)
Release Notes:
update chart to include bars for 0-VIX
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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