- DarkLight
Price Channel
- DarkLight
Price Channel is an indicator that helps identify breakouts that occur when a security's price moves either above the upper or below the lower channel line. The upper line is plotted on the highest price over a time period, and lower line is plotted on the lowest price over a time period.
INPUTS
Input | Description |
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Length | The number of bars used to calculate the channel |
ShiftLength | The number of bars the channel to be shifted to |
PLOTS
The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.
Plot | Description |
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PCU | The upper plot of the Price Channel |
PCL | The lower plot of the Price Channel |
Color |
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Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color. To create a custom color:
The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette. |
Weight |
Change the value (in px) to adjust the thickness of the plot. |
Type |
The following plot types are available:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.