The Wilder’s channel is a typical channel indicator made of 2 Wilder’s average from the high and low price over a “p” period, factorized by the Average True Range value over “atx” period.
//indicator from Kevin Britain library
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//parameters // p = 34 // atx = 14 // fact = 1 Upper= WilderAverage[p](high) + (fact*AverageTrueRange[atx](close)) Lower= WilderAverage[p](low) - (fact*AverageTrueRange[atx](close)) Return Upper AS "Wilder Upper", Lower AS "Wilder Lower" |
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