52 Wk Channel (Indicator)Analysis Techniques & Strategies
52 Wk Channel (Indicator)| Name | Expression | Default | Description |
| UseGradientColoring | Numeric | 1 | Set to 1 for gradient (blended) coloring; set to 0 for no gradient coloring. |
| UpColor | Numeric | UpColorDefault | Sets the cell background gradient color for CurrPct that corresponds to an above average price within the channel. Set UpColor to -1 to disable gradient background coloring. |
| DnColor | Numeric | DownColorDefault | Sets the cell background gradient color for CurrPct that corresponds to a below average price within the channel. Set UpColor to -1 to disable gradient background coloring. |
| GridForegroundColor | Numeric | Black | Sets the color to use for plotting CurrPct values in a cell. |
The 52 Wk Channel Indicator plots the highest high and lowest low of the past 52 weeks. It also displays the value of the oscillator, CurrPct, which is the relative value of the current price within the 52-week high-low channel, expressed as a percentage. This is a grid-based indicator.
If UseGradientColoring is set to 1, the cell background of CurrPct appears as a gradient color that is a mixture of UpColor and DnColor. As CurrPct approches 100, the cell background will be colored more like UpColor. As CurrPct approaches 0, the cell background color will approach DnColor.
| Number | Name | Default Color | Description |
| Plot 1 | 52WkHi | White | Plots the highest high value during the last 52 weeks. |
| Plot 2 | 52WkLo | White | Plots the lowest low value during the last 52 weeks. |
| Plot3 | CurrPct | Gradient | Plots the relative percentage of the current price within the channel range, where 0 is at the bottom of the channel and 100 is at the top. |
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