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I am trying to develop an indicator and/or modify the Supertrend M1 indicator. I want to display a channel "zone" around the SuperTrend M1 indicators ATR line. I am essentially looking to know/see when the price crosses a certain threshold, say 5 or 10 ticks away.
I am familiar with the Channel Ma indicator in the NT section and that is essentially what I am looking for, something to plot the same value as the M1 and throw off an opacity channel on the up/down side. It would just be based off of the same ATR Median line and not a moving average.
Any help would be greatly appreciated.
Thanks!
Can you help answer these questions from other members on NexusFi?
You would need to another plot to the indicator and then draw that new line N ticks below (downtrend) or above (uptrend) the stopline of the SuperTrend. It is a little modification of the indicator.
