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Details:

Formula name: 'R' Channel
Author/Uploader: Mr Valley - (email hidden)
Date/Time added: 2004-02-03 02:15:02
Origin: Author Marc Valley
Keywords: R Channel
Level: advanced
Flags: system,indicator

Description:

/* 'R' Channel */
/*Author Marc Valley */


Var = 4;
M1 = MA(Max(H,Var ),2);
L1 = MA(Min(L,Var ),2);
K = M1 - L1;
Num1 = sqrt(K);
Dem1 = sqrt(1.00+K);
H1 = (Num1/Dem1)/2;
Num2 = sqrt(1.0);
Dem2 = sqrt(1+K);
H2 = ((Num2/Dem2)/2) *C;
H3 =(H1 + H2) ;
MAH2MA =MA(L - (H2/100),Var );
MAH3MA= MA(H + (H3/100) ,Var);
MA3 = (MAH3MA + MAH2MA) /2;
UCL =( MAH3MA + MA3 )/2;
LCL = (MA3 + MAH2MA )/2;

//Buy = INSERT RULES HERE ;
//Sell = INSERT RULES HERE ;
//Cover = Buy;
//Short = Sell;
//Equity(1);

Plot(Close,"Valley 'R' Channel Close",1,8);
//Plot(L,"Low",6,8);
//Plot(Close,"Close",1,64);
Plot(MAH2MA ,"H2",5,4);
Plot(MAH3MA ,"H3",4,4);
Plot(MA3 ,"Center",2,4);
Plot(UCL ,"UCL",10,4);
Plot(LCL ,"LCL",10,4);
//Plot(Avg,"Valley 'R' Channel (C) 2004 Avg",colorYellow,8);


////////////////////////////////// Market Trend Plot Section
//Plot(MA(C,18),"MA18",4,4);
Plot(MA(C,40),"MA40",7,4);
Plot(MA(C,100),"MA100",5,4);
Plot(MA(C,200),"MA200",6,4);
Plot(Close ,"Close" + EncodeColor( colorBlack ) ,2, styleNoLine | styleNoRescale );

Formula:

/* 'R' Channel */
/*Author Marc Valley */


Var = 4;
M1 = MA(Max(H,Var ),2);
L1 = MA(Min(L,Var ),2);
K = M1 - L1;
Num1 = sqrt(K);
Dem1 = sqrt(1.00+K);
H1 = (Num1/Dem1)/2;
Num2 = sqrt(1.0);
Dem2 = sqrt(1+K);
H2 = ((Num2/Dem2)/2) *C;
H3 =(H1 + H2) ;
MAH2MA =MA(L - (H2/100),Var );
MAH3MA= MA(H + (H3/100) ,Var);
MA3 = (MAH3MA + MAH2MA) /2;
UCL =( MAH3MA + MA3 )/2;
LCL = (MA3 + MAH2MA )/2;

//Buy = INSERT RULES HERE ;
//Sell = INSERT RULES HERE ;
//Cover = Buy;
//Short = Sell;
//Equity(1);

Plot(Close,"Valley 'R' Channel Close",1,8);
//Plot(L,"Low",6,8);
//Plot(Close,"Close",1,64);
Plot(MAH2MA ,"H2",5,4);
Plot(MAH3MA ,"H3",4,4);
Plot(MA3 ,"Center",2,4);
Plot(UCL ,"UCL",10,4);
Plot(LCL ,"LCL",10,4);
//Plot(Avg,"Valley 'R' Channel (C) 2004 Avg",colorYellow,8);


////////////////////////////////// Market Trend Plot Section
//Plot(MA(C,18),"MA18",4,4);
Plot(MA(C,40),"MA40",7,4);
Plot(MA(C,100),"MA100",5,4);
Plot(MA(C,200),"MA200",6,4);
Plot(Close ,"Close" + EncodeColor( colorBlack ) ,2, styleNoLine |
styleNoRescale );