Updated version 1.1 of my experimental RiverBed Indicator.
- fixed bug: channels used to freeze when offset < 0
- flexible extension of channels into the future
- labels at channel lines
- offset line is preselected now by default
I somehow figured out that it doesn’t seem to be so important how far you’re extending the channels to the right. Made that feature flexible, though, with default settings that appear useful to me. Feel free to reset.
Any feedback appreciated – especially experiences of all thread participants about using those channels: which conclusions to draw, and which not. That’s what the flexible offset line and redrawing should provide: test in retrospect and try to figure out rules. I’m very much interested in your findings.
I find it easy now to see ‘the river flow’, identify a ‘sonar view’ @gg53 mentioned – in retrospect! But at bar zero? That’s still another kind of story for me.
And again: any questions regarding my code are welcome.
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A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)