XARD Channel

Category: trend

A trend-following visualization tool that colors candles based on the alignment of three separate Moving Average envelopes (High/Low channels).

Formula

Direction = \begin{cases} Bullish & \text{if } Close > MA_{High}(n) \\ Bearish & \text{if } Close < MA_{Low}(n) \\ Neutral & \text{otherwise} \end{cases} \text{ for } n \in \{9, 36, 144\} 
\\ \text{Signal} = \sum Direction_n 
\\ \text{Note: Logic implemented via ObjectCreate candle overlays}

Inputs

• ___a__________________________ (default: === MA 1 settings ===)
• UseMA1 (default: true)
• MA1_Method (default: MODE_EMA)
• MA1_Periods (default: 144)
• MA1_ColorUp (default: RoyalBlue)
• MA1_ColorDown (default: Gold)
• MA1_Width (default: 5)

See signal primitives and every published strategy that uses XARD Channel on WOBR StrategyVerse.