JustUncleL

Price Action EMA PIP Channel by JustUncleL

This indicator is a Price Action Channnel based on EMA and PIP boundaries.
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//@version2
// Name: Price Action EMA PIP Channel v0 by JustUncleL
// By: JustUncleL
// Date: 1-Aug-2016
// Version: v0
//
// Description:
//   This indicator draws a Moving Average channel (EMA) based on PIP boundaries.
//
// Reference:
//   - Some Code borrowed from "Pip collector [LazyBear]" thank you.
//
// Modifications:
//
study("Price Action EMA PIP Channel by JustUncleL", shorttitle="PACEMA by JustUncleL", overlay=true)
src=input(close, title="PAC Source")
pacLenC=input(5, title="PAC Center Length")
pacLenL=input(20, title="PAC lower line (pips)")
pacLenU=input(20, title="PAC upper line (pips)")
pip=syminfo.mintick 
pacC=ema(src,pacLenC)
pacL=pacC-pacLenL*pip
pacU=pacC+pacLenU*pip
plot(pacC, color=red, linewidth=2, title="PAC Center",transp=0)
plot(pacL, color=blue, linewidth=2, title="PAC Lower",transp=0)
plot(pacU, color=blue, linewidth=2, title="PAC Upper",transp=0)
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