Check out the custom motive wave settings for Channel Offset Trading system. To configure the trading system
1)Open Motive Wave
2)Goto Study->Custom->MA High Low as shown below
Generalised Buy and Sell Rules for Channel Offset Trading System
1)Buy if the candle closes above the Upper Channel Offset cloud
2)Sell if the candle closes below the Lower Channel offset cloud
3)Trailing stop loss is Lower Channel Value in case of Buy Signal and Upper Channel value in case of Sell signal
This is slighly the variant of 5-13 EMA channel offset trading system. The difference is the high value is choosed among the highest of the three consecutive candle bars which provides little customization to eliminate little noises in the system.
1-13-13 Weighted Moving Average Channel offset trading system is just similar to the 13-13 Wilders Moving average Channel offset trading system
Hope this would give you a better vision on markets while trading. atleast to know which side to trade most of the time.