CustomChannel

This indicator draws range channel (High-Low) with 8 customizable levels based on percentages of the range.

It has the next inputs:

• periods: Number of bars used in calculation for the range.
• A-H: 1st-8th levels based on percentage of range (set it at 0 if you do not want to see this level).
• showupper: True/False ("True" to see the highest high price "False" to hide it).
• showlower: True/False ("True" to see the lowest low price "False" to hide it).
• showfirst: True/False ("True" to see 1st level price "False" to hide it).
• showsecond: True/False ("True" to see 2nd level price "False" to hide it).
• showthird: True/False ("True" to see 3rd level price "False" to hide it).
• showfourth: True/False ("True" to see 4th level price "False" to hide it).
• showfifth: True/False ("True" to see 5th level price "False" to hide it).
• showsixth: True/False ("True" to see 6th level price "False" to hide it).
• sowseventh: True/False ("True" to see 7th level price "False" to hide it).
• showeighth: True/False ("True" to see 8th level price "False" to hide it).
• ColorUpper: Color used for the highest high price.
• pricewidthUpper: Size used for the highest high price.
• ColorLower: Color used for the lowest low price.
• pricewidthLower: Size used for the lowest low price.
• ColorFirst: Color used for 1st level price.
• pricewidthFirst: Size used for 1st level price.
• ColorSecond: Color used for 2nd level price.
• pricewidthSecond: Size used for 2nd level price.
• ColorThird: Color used for 3rd level price.
• pricewidthThird: Size used for 3rd level price.
• ColorFourth: Color used for 4th level price.
• pricewidthFour: Size used for 4th level price.
• ColorFifth: Color used for 5th level price.
• pricewidthFifth: Size used for 5th level price.
• ColorSixth: Color used for 6th level price.
• pricewidthSixth: Size used for 6th level price.
• ColorSeventh: Color used for 7th level price.
• pricewidthSeventh: Size used for 7th level price.
• ColorEighth: Color used for eighth level price.
• pricewidthEighth: Size used for eighth level price.
• ma: Method to calculate moving average (Simple, exponential, smoothed, linear weighted)
• calculation: Range calculation mode.
• Range: Channel calculated using the highest high and the lowest low of x bars.
• StDev: Channel calculated using standard deviation.

A-H inputs:

Set the percentage of the range you want to see in every level (without using "%") or set it at 0 if you do not want to see the level.

Example: If you set 12 it will draw the 12% level of the range calculated on the bars you specified in the "periods" input.

Every level can be customizable (colour, style, width).

#	Colour	Width	Style
0	Red	1	0
1	Red	1	0
2	PaleTurquoise	1	0
3	DarkGray	1	0
4	DarkOrchid	1	0
5	Chocolate	1	0
6	Turquoise	1	0
7	Blue	1	0
8	Purple	1	0
9	Aqua	1	0

The upside table shows the default settings (colour, width, style) set it as you like.