I am trying to add channels lines that would parallel and move with the Simple Moving Average at a fixed price level above and below the SMA line.
- For example lets say the SMA price level on a 5 minute chart is $3000 at 10:45am. I am looking to add channel plots that would be at the price level of $3005 and $2995. Next bar at 10:50am the SMA is at $3001 and so the channel lines should start moving up with the SMA with new channel plots for 10:50am should be $3006 and $2996.
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