Searching for indicator PCH Price Channel

[PeterPan]

Hello Ninjatrader Team

I am searching for the indicator PCH PriceChannel and you dont have it in the pre delivered one.
(a DonchianChannel is similar but not the PCH)
I have here from another programm i use a description for the calculation of the PCH
Is there anyone out there how has this specific indicator?

The good thing about the price channel is that in times where you have a very low volatility it compresses the chart. (the candle is not as high as the complete chart window!)
This is the description for PCH:

Meta:
Synopsis( "The Price Channel indicator draws a band in user-definable distance
around the moving average of a security. A buy signal is indicated when the
upper line of the band is crossed upwards and a sell signal is indicated when
the lower line of the band is crossed downwards." ),
ShortCode( "PCH" ),
SubChart( False ),

Inputs:
Price( Close ),
Period( 20, 1 ),
RangeUpper( 1.0, 0.0 ),
RangeLower( 1.0, 0.0 );

Variables:
upperBand, lowerBand;

PriceChannel( Price, Period, RangeUpper, RangeLower, upperBand, lowerBand );

DrawArea( upperBand, lowerBand, "Upper Price", "Lower Price" );

(copyright by tradesignal my additional program)

greetings

[NinjaTrader_Joydeep]

Hello PeterPan,
Unfortunately I am not aware of the PCH PriceChannel indicator.

You can however contact any of our NinjaScript consultants and get it code for you. You can get the list of our NinjaScript consultants from here http://www.ninjatrader.com/partners#...pt-Consultants

Please let me know if I can assist you any further.

[PeterPan]

I wanted shortly come back to the indicator price channel
The price channel is not a very complicated indicator. its based on a sma (simple moving average)
i will post two comparisons in chart with and without the indicator.
i my opinion it is one of the most important indicator ever: Why.
if you have a market with very low volatility it compresses the cahrt meaning if you have 1 point movemnent then the chart will be a.e. 10 pixel high. if you dont have the indicator then in a non volatil market the candle will be 30 pixel high. so what does the price channel do? it makes the chart readable.
see in the attachments.
i really dont understand why this indicator wich is so simple (see description i wrote before) and based on a indicator already avaible (sma) is not in the system.

greetings

[NinjaTrader_Joydeep]

Hello PeterPan,
You can use the MAEnvelopes indicator that comes with NinjaTrader for this.

• Right click on the chart
• In the context menu click on Indicators...
• In the Indicators dialog select MAEnvelopes and click on the New button.
• Set the appropriate parameters from the parameters box on the right
• Click the OK button to apply it on the chart.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?working_with_indicators.htm

Please let me know if this is what you are looking for.

[PeterPan]

thank you

Thank you very much

it worked as i needed it

greetings

[NinjaTrader_Joydeep]

Hello PeterPan,
Thanks for your note.
Please let me know if I can assist you any further.