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This is the Hurst Channel with the plot lines show checked so the don't check.
They can be changed to show in the study properties. See screenshot - check show plot located under UpperOuterBand box.
The parameters being used are for trading TF emini Russell. They parameters work on all charts. One can copy the code and create a new study to be used on stocks that these parameters dont' work.
Included is a modified Hurst Channel for doing evening evaluation of stocks, etc.
I downloaded your txt. file for Hurst Channel for TOS and then added it as a new study by using copy/paste. Unfortunately, the plot is not shown at all on the chart. What is wrong? Thanks
Hello - Have a pretty basic question regarding the Hust Channel Indicator attached. I have been analyzing and paper trading the channels in my TOS platform for the past week or so and I am wondering, do historical values of the bands change depending on the current price?
For example, last week I found a stock that had broken the lower band so I took the position, (paper trading). Now today, the stock has run up a fair amount and looking back on my Entry, the chart does not show any break of the lower band, (which was my reason for taking the trade).
I am wondering if these Hust Channels are somewhat similar to linear regression lines? In that if you plot a linear regression line today; and then compare this line with another linear reression line plotted next week, the slope of the lines will be dramatically different, (assuming the price of the stock changed)
