The extended version of the ChannelsFIBO indicator which implements the selection of the reference distance (the distance considered 100% of the channel width at each individual bar):
- By the maximum shift of the price from the moving average.
- By the average shift of the price from the moving average.
- By the median shift of the price from the moving average.
- By the standard deviation (SD) of the price from the moving average.
For example, when selecting reference distance "By SD", the channel will look the following way:
