OPEN-SOURCE SCRIPT
Wilder's Channel
The Wilder’s channel is a typical channel indicator made of 2 Wilder’s average from the high and low price over a “p” period, factorized by the Average True Range value over “atx” period.
Indicator from Kevin Britain library.
"Wilder's Channel," which is plotted on the chart overlay to assist traders in visualizing potential support and resistance levels. This script uses a combination of Wilder's Moving Average and the Average True Range (ATR) to create a channel around price movements. Here's a breakdown of how it works and its benefits:
Trend Confirmation: The channel helps confirm the current trend direction. If prices are consistently near the upper boundary, it suggests an uptrend, and vice versa for a downtrend.
Support and Resistance Levels: The Upper and Lower lines serve as dynamic support and resistance levels, which can help traders identify potential entry and exit points.
Volatility Insight: The width of the channel gives insight into market volatility. A wider channel indicates higher volatility, while a narrower channel suggests less volatility.
Trade Management: The buffer zones can be used for additional decision-making points, such as tightening stop-loss orders or preparing for potential breakouts or pullbacks.
Indicator from Kevin Britain library.
"Wilder's Channel," which is plotted on the chart overlay to assist traders in visualizing potential support and resistance levels. This script uses a combination of Wilder's Moving Average and the Average True Range (ATR) to create a channel around price movements. Here's a breakdown of how it works and its benefits:
Trend Confirmation: The channel helps confirm the current trend direction. If prices are consistently near the upper boundary, it suggests an uptrend, and vice versa for a downtrend.
Support and Resistance Levels: The Upper and Lower lines serve as dynamic support and resistance levels, which can help traders identify potential entry and exit points.
Volatility Insight: The width of the channel gives insight into market volatility. A wider channel indicates higher volatility, while a narrower channel suggests less volatility.
Trade Management: The buffer zones can be used for additional decision-making points, such as tightening stop-loss orders or preparing for potential breakouts or pullbacks.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。