# NEOTICKER DATA BEGIN
ScriptType=Indicator
Description=Average Range Channel Scalper
Name=AvgRangeChannelScalper
Language=Formula
Links=1
MinBars=0
TimerInterval=100
MetaStyle=Normal
ValueRange=Same as Source
Placement=Smart
Multiplot_num_plots=1
Multiplot_color_0=255
Multiplot_style_0=Line
Multiplot_width_0=1
Multiplot_enabled_0=1
Multiplot_breakstyle_0=0
UpdateByTick=0
TradingSystemUI=1
PrimaryLinkOnly=0
NotifyOnRemoval=0
Param_count=3
Param_name_0=Period
Param_inuse_0=1
Param_type_0=integer.gt.0
Param_default_0=9
Param_name_1=Offset
Param_inuse_1=1
Param_type_1=real
Param_default_1=2
Param_name_2=Target Range Pct
Param_inuse_2=1
Param_type_2=real
Param_default_2=50
Explanation_Lines=0
# NEOTICKER DATA END
' Average Range Channel Scalper - Long Side Only
' written by Lawrence Chan
' Copyright (c) 2005 TickQuest Inc.
' All Rights Reserved

' Links
' 1 - price series

makeindicator (avgbarrange, avgrange, data1, param1);
makeindicator (channel, avgrangechannel, data1, param1, param2);

$time_range := time >= maketime (9, 30, 0) and time <= maketime (12, 0, 0);

long_signal := $time_range > 0 and c >= channel.p2;

longatmarket (long_signal, defaultordersize, "Long");
longexitnextopenoffsetlimit (true, avgbarrange * param3 / 100, defaultordersize, "LTarget");
longexitnextclose (true, defaultordersize, "LExit");

plot1 := currentequity;