Wilder's channel
March 3, 2016, 1:31 PM
Indicators
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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
//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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Filename:
Britains-Wilder-Channel.itf
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