A question about Channels

[tjincmu]

Is there existing indicator draw the envelopes around the EMA, something similar to the Bolling bands, but not using std dev.

Upper channel line

= EMA + EMA • Channel coefficient

Lower channel line = EMA − EMA • Channel coefficient

Channel coefficient some parameter I can setup with

If not, is there some close example I can use to develop this?

Thanks a lot

[NinjaTrader_Bertrand]

tjincmu, welcome to the forums - are you looking for this here? It's based on a WMA but could be quickly changed to use the EMA...

[NinjaTrader_JoshP]

tjincmu,

You could try searching in the file sharing section to see if you find anything that fits your bill.

[tjincmu]

Thanks a lot. After some slight change of your code, It works well.