high/low channels moves based on Fibo Levels (Golden Ratio: 1.618).
- Settings -
The indicator can be adjusted to your needs.
- How to use -
OhManLan Golden can be used a , Stop loss, Trailing stop and Price target.
Volume-weighted average price allows smoother components.
Can be used with other indicators such as Moving Average Convergence Divergence ( ).
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.