Description
Price Channel is a study consisting if two lines: Upper Band and Lower Band drawn respectively through the highest highs in the fixed period and the lowest lows in the same period.
Input Parameters
| Parameter | Description |
|---|---|
displace
|
The displacement of the study, in bars. Positive values signify displacement to the past. |
length
|
The number of bars used to calculate the highs and lows. |
Plots
| Plot | Description |
|---|---|
LowerBand
|
The lower band of the Price Channel. |
UpperBand
|
The upper band of the Price Channel. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.