OPEN-SOURCE SCRIPT
Updated PercentChannel
Similar to my "DollarChannel" script, this keeps track of lows and highs, but snaps a line whenever A) the high exceeds low+(low*ratio), or B) low falls under high-(high*ratio).
This results in a channel that tracks percent-changes rather than absolute dollar-value changes.
This results in a channel that tracks percent-changes rather than absolute dollar-value changes.
Release Notes
Added alerts when channel thresholds are crossed.Release Notes
Update to v5Add rising/falling alerts (can enable them independently)
Fix signed-ness bug (now works with tickers like "0-VIX" (i.e. inverted)
Release Notes
update chart to include bars for 0-VIXOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.