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TD Channel III Parameters

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This study draws Channel lines above and below the price action.

A pair of independently computed lines are drawn. The calculation for each line is identical except for the price selector.

For each bar, the median price over X bars is calculated (the middle value among that bar's price and the preceding X-1 non-gap prices; if X is even, take the average of the two middle prices). Then perform an N-bar moving average calculation on the median-price series. The output series can optionally be delayed (offset) by a specified number of bars.

The study command for Channel 3 is .TDCH3.