Channel Balance oscillator displays the difference between the median price ((High+Low)/2) and the price channel for a selected period.
It has one configurable parameter:
- Period – price channel calculation period
Calculation:
CB = 100 * SMA(T, Period)
where:
T = (Median price - Min) / Range Range = Max - Min Max, Min are the highest and lowest prices within the Period interval
Similar MetaTrader Trading Tools:
