Volatility channels

Volatility channels (or bands) move with the stock, quickly adjusting to
price movements. When a security trends outside the volatility channel, it
adds strength to a high probability long trade . Look out for a stock to
“trend” outside these bands to catch the momentum. When the swing
increases, the bands respond by opening up. The Lower channel normally
points to a key fibonacci support zone.

Right Click select Param “parameters” and select variable you need.


// Enable radio button "middle" for grid lines.


MaxGraph = 4;
Vc= Param("Volatility channel -",10,2,14);
Up=HHV(((((H+L+C)/3)*2)- H),Vc);
Lo=LLV(((((H+L+C)/3)*2)- L),Vc);
Graph0=C;
Graph0Style=128+4;
Graph0BarColor = IIf( Close > Ref( Close, -1 ), colorDarkGreen, colorDarkRed );
Graph0Style = styleBar;
Graph0 = Close;
Graph1=Up;
Graph1Style=styleLine;
Graph1Color=colorBlue;
Graph2=Lo;
Graph2Style=styleLine;
Graph2Color=colorBlue;
Title=Name() + " Volatiltiy Channels - LC" + WriteVal( Graph2 )+ ", UC" + WriteVal( Graph1 )+
", Close" + WriteVal( Graph0 );