Price Channel Strategy AZT
Price Channel Pinescript Strategy in TradingView
APIBridge
Strategy Premise
The Price Channel Indicator consists of two lines, called the Lower Price Channel and Upper Price Channel, which indicate potential areas of Support and Resistance.
The Upper Price Channel indicator represents the Highest High and the Lower Price Channel represents the Lowest Low over a selected number of intervals. The distance between the Upper and Lower Price Channels can also be used to determine the trading range for the selected intervals.
Strategy Logic
Long Entry: When Central Line Above The Closing Price, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Lowest low over the number of intervals Send LX and SE
Short Entry: When Central Line Below the Closing Price, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and the Highest high number of intervals Send SX and LE
Price Channel Strategy Parameters for TradingView Charts
Length(Mandatory): This is the number of bars used to calculated Ex: 14 à previous 14 candles are used
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Price Channel Pine script Strategy in Trading View Settings
STEP 1: Download the strategy file here
STEP 2: To add this strategy into your TradingView settings, Open desired chart in Tradingview with normal candlestick ,select desired time frame of the chart. Next, follow these steps: (1) Go to pine editor section, remove the default code, (2) paste the downloaded code, (3) save the file and (4) add to chart. See screenshot below.
APIBridge
Strategy Premise
The Price Channel Indicator consists of two lines, called the Lower Price Channel and Upper Price Channel, which indicate potential areas of Support and Resistance.
The Upper Price Channel indicator represents the Highest High and the Lower Price Channel represents the Lowest Low over a selected number of intervals. The distance between the Upper and Lower Price Channels can also be used to determine the trading range for the selected intervals.
Strategy Logic
Long Entry: When Central Line Above The Closing Price, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and Lowest low over the number of intervals Send LX and SE
Short Entry: When Central Line Below the Closing Price, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and the Highest high number of intervals Send SX and LE
Price Channel Strategy Parameters for TradingView Charts
Length(Mandatory): This is the number of bars used to calculated Ex: 14 à previous 14 candles are used
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Price Channel Pine script Strategy in Trading View Settings
STEP 1: Download the strategy file here
STEP 2: To add this strategy into your TradingView settings, Open desired chart in Tradingview with normal candlestick ,select desired time frame of the chart. Next, follow these steps: (1) Go to pine editor section, remove the default code, (2) paste the downloaded code, (3) save the file and (4) add to chart. See screenshot below.