Description
UltimateChannels is a technical indicator designed to evaluate trend direction and price volatility. Its calculation method is similar to that of KeltnerChannels; however, it uses UltimateSmootherFilter to smooth both the specified price and Average True Range, in order to calculate the values for the upper and lower channels.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The type of price used in the calculations. |
length
|
The length of the period used in the calculations. |
deviations
|
The number of deviations between channel lines. |
Plots
| Plot | Description |
|---|---|
UpperChannel
|
The Upper Channel plot. |
LowerChannel
|
The Lower Channel plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.
Past performance is no guarantee of future performance.