MA Streak Change ChannelChange Channel is like KC unless it uses percentage changes in price to set channel distance. Midline is zero-lag smoothed ROC with dynamic period based on MA Streak indicator, if MA Streak shows an ongoing trend, midline going strong and break out the channel.
Consider using ▲ green areas as a signal to buy and ▼ red areas as a sell signal. It works best in a flat market. Use in combination with other indicators.
Streak
B3 Clear Method Streak CountAbout Clear Method -- to repeat my prior post on the bar painter script:
This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the colors in the UI. It does the rest.
This version can replace my previous Clear Method Bar Painter as it also paints the bars.
What is different is this share is a lower study that counts the streak of the bars shown via histogram.
The way to use the streak is to notice the previous streaks and get a sense of how long the current trend is lasting versus prior trends of the same direction.
@Tradestation recently posted their "price streak" study, and this one is quite similar in nature.
Enjoy, the code open to view,
_B3
d^.^b
