# NEOTICKER DATA BEGIN
ScriptType=Indicator
Description=Average Range Channel
Name=AvgRangeChannel
Language=Formula
Links=1
MinBars=0
TimerInterval=100
MetaStyle=Normal
ValueRange=Same as Source
Placement=Smart
Multiplot_num_plots=3
Multiplot_color_0=255
Multiplot_style_0=Line
Multiplot_width_0=1
Multiplot_enabled_0=1
Multiplot_name_0=Mid Point
Multiplot_breakstyle_0=0
Multiplot_color_1=255
Multiplot_style_1=Line
Multiplot_width_1=1
Multiplot_enabled_1=1
Multiplot_name_1=Upper Channel
Multiplot_breakstyle_1=0
Multiplot_color_2=255
Multiplot_style_2=Line
Multiplot_width_2=1
Multiplot_enabled_2=1
Multiplot_name_2=Lower Channel
Multiplot_breakstyle_2=0
UpdateByTick=0
TradingSystemUI=0
PrimaryLinkOnly=0
NotifyOnRemoval=0
Param_count=2
Param_name_0=Period
Param_inuse_0=1
Param_type_0=integer.gt.0
Param_default_0=9
Param_name_1=Factor
Param_inuse_1=1
Param_type_1=real
Param_default_1=2
Explanation_Lines=0
# NEOTICKER DATA END

$arange := avgrange (1, data1, param1) * param2;

plot1 := average (data1, param1);
plot2 := plot1 + $arange;
plot3 := plot1 - $arange;