Upper and lower channel bands width can be adjusted with the “Deviation” variable, which act as a simple factor to enlarge the spread between them.
When Close crosses over the upper band, it is a signal and are painted in Red.
When Close crosses under the lower band, it’s a signal and are painted in Green.
One of the most interesting indicators for 1 minute scalping. Recommended to use on Renko bars.
*drag to chart and pin to scale, also remove borders from .