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### WiseTrader Toolbox

**#1** Selling **Amibroker** Plugin featuring:

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### 'R' Channel for Amibroker (AFL)

Rating:

3 / 5 (Votes 3)

Tags:

amibroker

Cross over means price up..

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### Indicator / Formula

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/* '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 );

### 1 comments

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1.loudplayhi

great forumal thank you

can you guide me i want to make some change in it

i want the

From

Valley R Channel = value, H2 =value, H3 = value, center = value, UCL = value, LCL =value,close = value,

To

Valley R Channel = value, H2 ={Empty}, H3 value, center = {Empty}, UCL ={Empty}, LCL ={Empty} close = value,