UNIVERSAL CHANNEL OSCILLATOR

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04/26/2019 at 5:14 AM #97173 quote

ALE
Moderator

Master

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 quote

ALE
Moderator

Master

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

Fabiano thanked this post

2019-04-26_06-21-59.jpg

04/26/2019 at 7:02 AM #97177 quote

Fabian
Participant

Master

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.

23.jpg

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

ALE
Moderator

Master

Hello

increase number of units to 10000

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

Jan
Participant

Veteran

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 quote

ALE
Moderator

Master

Could you make me an example?

Thanks

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

Jan
Participant

Veteran

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

Universal-indicator-DAX-5-min-period-2-3-may.jpg

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

Bard
Participant

Master

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 quote

ALE
Moderator

Master

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

2019-07-09_22-47-13.jpg

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

ALE
Moderator

Master

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 quote

Bard
Participant

Master

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

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

Santi
Participant

Junior

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

Captura.png
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