dpQGP channels

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dpQGP- QGPair. It is now a pair of channels, fast (Trend1 and Trend2) and slow (Trend3 and Trend4), and as price moves around those channels, signals are generated. Everything is available for your tweaking: channel coloring, signal type/color/size, channel upper and lower parameters.

In the Properties, there is a property named ‘ContinuationSignals’ and it has a numeric input. That number is the number of bars allowed between price falling below Trend1 and rising back above it for long signals, or price rising above Trend1 and then falling back below Trend1 for short signals. It will become clear when you see it on your chart.

There is a Toggle on the Control line at the top of the chart with options of Off, Single, and Double.
Off = no signals painted
Single = only Trend1 is considered for a signal to paint
Double = Trend1 AND Trend3 must be in agreement for a signal to paint.

You can fine tune the channels by altering their length properties which will make the channels either closer to price action or farther away. Although shown on a 144 tick chart, it works on any time period or tick period, Renko, etc.

This Code was Ported from the code of DaveP711 from Futures io in Ninjatrader 8 public download section
For more info check his indicator
I didn’t have time to add the signals, maybe at later date.
It is a pair of channels, fast (Trend1 and Trend2) and slow (Trend3 and Trend4)
//**************************************************************************
// Remember:
// Due to limitations of Multicharts instead of visual ordering the study to
// the back it is better to add a second data series after you insert the
// study so candles can be visible and to avoid confluence with other indicators
// you may have.

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