KK_Price Action Channel (TDI BH)
Hey guys,
this little script is an addition to another one I will release right after this.
This is the Price Action Channel. The bands are calculated using a smoothed moving average of the highs/lows. I have taken the smoothed moving average script from the public library in order to create this, so all props to whoever created that one.
I am fairly new to creating scripts so use it with caution and let me know what you think!
EDIT: Here is the script I have written this one for:
this little script is an addition to another one I will release right after this.
This is the Price Action Channel. The bands are calculated using a smoothed moving average of the highs/lows. I have taken the smoothed moving average script from the public library in order to create this, so all props to whoever created that one.
I am fairly new to creating scripts so use it with caution and let me know what you think!
EDIT: Here is the script I have written this one for:
//author: Kurbelklaus //Code for the smoothed moving average taken from the public library study(title = "KK_Price Action Channel", shorttitle="PAC", overlay=true) srcH = high srcL = low lenH = input(5, minval=1, title="Length High") lenL = input(5, minval=1, title="Length Low") smmaH = na(smmaH[1]) ? sma(srcH, lenH) : (smmaH[1] * (lenH - 1) + srcH) / lenH smmaL = na(smmaL[1]) ? sma(srcL, lenL) : (smmaL[1] * (lenL - 1) + srcL) / lenL plot(smmaH, color=blue) plot(smmaL, color=blue)