The Momentum-based Adaptive Channel is a version of the adaptive channel based on the Euclidean distance. It is designed to adapt according to the dynamic market as needed.
Display:
- red line — upper channel.
- blue line — lower channel.
gray line is a standard donchian channel.
**Settings:
**
- channel period — converted to the Euclidean distance.
- volatility factor — width of one bar.
- volatility smoothing — smoothing period of the volatility.