Constant Range Channel

Category: volatility, market_structure

A volatility-based channel that maintains a fixed vertical distance from a central line, which updates only when price exceeds the existing channel boundaries.

Formula

Middle_t = \begin{cases} High_t & \text{if } High_t < Lower_{t-1} \\ Low_t & \text{if } Low_t > Upper_{t-1} \\ Middle_{t-1} & \text{otherwise} \end{cases} \\ Upper_t = Middle_t + (StepTicks \cdot TickSize) \\ Lower_t = Middle_t - (StepTicks \cdot TickSize)

Inputs

• i_nStepTicks (default: 50)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.