UNIVERSAL CHANNEL OSCILLATOR

• 04/26/2019 at 5:14 AM #97173
  ALE

  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

   

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  04/26/2019 at 5:23 AM #97174
  ALE

  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

  1 user thanked author for this post.

  Fabiano

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  04/26/2019 at 7:02 AM #97177
  Fabian

  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.

   

  

  Fabian

  Participant

  Topics: 9

  Replies: 33

  Been thanked: 1 time
  04/26/2019 at 8:05 AM #97182
  ALE

  Hello

  increase number of units to 10000

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  05/04/2019 at 4:25 PM #97684
  Jan

  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

   

  

  Jan

  Participant

  Topics: 10

  Replies: 90

  Been thanked: 29 times
  05/05/2019 at 6:01 AM #97714
  ALE

  Could you make me an example?

  Thanks

   

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  05/06/2019 at 9:21 AM #97762
  Jan

  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

   

  

  Jan

  Participant

  Topics: 10

  Replies: 90

  Been thanked: 29 times
  07/08/2019 at 6:33 PM #102206
  Bard

  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

  

  Bard

  Participant

  Topics: 131

  Replies: 809

  Been thanked: 99 times
  07/09/2019 at 9:47 PM #102305
  ALE

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

   

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  07/09/2019 at 9:56 PM #102307
  ALE

  Hello Jan,

  I can suggest to code your strategy  without optimization and start to do backtest to find your set up.

  

  ALE

  Moderator

  Topics: 16

  Replies: 569

  Been thanked: 223 times
  07/11/2019 at 10:36 PM #102478
  Bard

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

  

  Bard

  Participant

  Topics: 131

  Replies: 809

  Been thanked: 99 times
  07/30/2019 at 12:17 PM #103794
  Santi

  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

  

  Santi

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 0 times
• Author
  Posts