Channel indic with different distance to mid

[StockTrader88]

Hello

Does anybody know of a "channel indic" (like a bollinger band, CCI, keltner etc) in NT8 that allows you to set an asymmetrical channel? So, for example:

UPPER band = center + 1 std dev
LOWER band = center - 0.5 std dev

Could be expressed in % or whatever, but the thing I'm looking for is the asymmetry.

Many thanks in advance.

[NinjaTrader_JoshG]

Hello StockTrader88,
Thanks for your post and welcome to the NinjaTrader forum.

I am unaware of a specific indicator that can do this, but if you wanted to code the indicator yourself you could use something similar to the following snippet to plot the formulas you provided.

public class SMAChannels: Indicator
{
	private double PrimaryValue;
	private double UpperBand;
	private double LowerBand;
	protected override void OnStateChange()
	{
		if (State == State.SetDefaults)
		{
			AddPlot(Brushes.Yellow, "Upper");
			AddPlot(Brushes.Red, "Primary");
			AddPlot(Brushes.Blue, "Lower");
		}
	}
	protected override void OnBarUpdate()
	{
		Values[0][0] = SMA(14)[0] + StdDev(14)[0];//Upper Band
		Values[1][0] = SMA(14)[0];//Middle Band
		Values[2][0] = SMA(14)[0] - (0.5)*StdDev(14)[0];//Lower Band 
	}
}

Help Guide- Values

Help Guide- StdDev()

Help Guide- AddPlot()

[StockTrader88]

Thanks a lot for your helpful reply!