This indicator shows a trend band of the price with variable indicator parameters to control the bandwidth.
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p = 5 //percent bandwidth q = 3 //channel percent bandwidth MyHigh = close + close * p/100 MyLow = close - close * p/100 ONCE AFR = close IF MyLow > AFR THEN AFR = MyLow ENDIF IF MyHigh < AFR THEN AFR = MyHigh ENDIF IF AFR = AFR[1] THEN r=0 g=0 b=0 ELSIF AFR > AFR[1] THEN r=0 g=153 b=255 ELSE r=255 g=0 b=255 ENDIF IF close > AFR THEN DRAWSEGMENT(barindex, high, barindex, low) coloured(0,0,255) DRAWPOINT(barindex, close, 1) coloured(0,0,255) ELSE DRAWSEGMENT(barindex, high, barindex, low) coloured(255,0,255) DRAWPOINT(barindex, close, 1)coloured(255,0,255) ENDIF RETURN close, AFR, AFR + AFR * q/100, AFR - AFR * q/100 |
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