UNIVERSAL CHANNEL OSCILLATOR

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Viewing 12 posts - 1 through 12 (of 12 total)
  • 04/26/2019 at 5:14 AM #97173
    ALE

    Hello

    This post to responce to questions of this indicator: https://www.prorealcode.com/prorealtime-indicators/universal-channel-oscillator/

    for any questions, please we write here

    Thank you

    Ale

     

    04/26/2019 at 5:23 AM #97174
    ALE

    Setting channel:

    these examples are not the only ones, similar values work, try to set the most suitable values for you,

    Time Frame Setting:
    1 MINUTE/100 tick
    TightenChannel=>20
    ATRPeriod <=4

    5 MINUTE
    TightenChannel=>15
    ATRPeriod <=10

    15 MINUTE
    TightenChannel=>20
    ATRPeriod <=30
    1H
    TightenChannel=>30
    ATRPeriod <=30

    4H
    TightenChannel=>40
    ATRPeriod <=70

    DAILY
    TightenChannel=>30
    ATRPeriod >90

     

    These examples aren’t

    1 user thanked author for this post.
    avatar Fabiano
    04/26/2019 at 7:02 AM #97177
    Fabian

    Hi ALE,
    thanks the settings were already known to me.

    I was interested in the colour zones. At the moment my screen looks like this, to see what I mean.

    Thank you.

     

    04/26/2019 at 8:05 AM #97182
    ALE

    Hello

    increase number of units to 10000

    05/04/2019 at 4:25 PM #97684
    Jan

    Hi Ale,

    I tried your code on the DAX 10 minutes. the Universal indicator is very volatile,  could you use the indicator as a good intraday trend indicator ?

    I tried searching for long position when Universal Indicator is below and below the lower band, but oft in a (longer) uptrend Universal Indicator stays above the standard/avarage.  Any tips appreciated.

    KR JvdW

     

    05/05/2019 at 6:01 AM #97714
    ALE

    Could you make me an example?

    Thanks

     

    05/06/2019 at 9:21 AM #97762
    Jan

    Hi Ale,

    Hereby as an example a screenshot of the DAX for 2 and 3 May, 5 minutes chart. In an uptrend in the morning of 3 May, the Universal value jumps already to the upper band.

    See attachments, 1 with chart and 1 with the used indicator setup, (I use the recommended setup)

    The 10 min charts gives roughly the same Universal  values

     

    That is why I have asked for tips for day trading setups using this indicator

     

    07/08/2019 at 6:33 PM #102206
    Bard

    Hi Ale, thanks for another great visual indicator!

    You mentioned it can be used “as an entry and exit signal, when the Universal value crosses the level 0.”

    Where do you see that zero level on the chart for the Universal Value because on my Dow chart using the crosshair, it just shows the Universal Value as whatever level the Dow is at? When I use the crosshair I can’t see how to find that zero point. On a typical Ehler’s oscillator it’s very easy to see when the oscillator has crossed over zero.

    Cheers
    Bard

    07/09/2019 at 9:47 PM #102305
    ALE

    Hi Bard,
    sorry if I wasn’t clear enough, I think this image can clarify your doubts. Let me know.
    Thank you
    Ale

     

    07/09/2019 at 9:56 PM #102307
    ALE

    Hello Jan,

    I can suggest to code your strategy  without optimization and start to do backtest to find your set up.

    07/11/2019 at 10:36 PM #102478
    Bard

    Ah, of course, right, thanks for the screenshot @Ale.

    07/30/2019 at 12:17 PM #103794
    Santi

    Hey friends. The indicator with the new version 11 of PRT works very badly, does not draw the same as with the old version. Any solution? Thank you

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