ATR Channel

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Re: ATR Channel

Postby Apprentice » Thu Dec 30, 2010 1:56 am

First you must distinguish ATR indicator and ATR Channel indicator.

In this case, ATR indicator is used as an alternative to the standard deviation.
Standard deviation we use when calculating Bullinger Bands.

Simply put, ATR Channel indicator, is in every respect, a derivative of Bullinger Bands indicators, and as such, can be used in the same way.

ATR.png

On this chart you can see simultaneously both indicators.
You may notice that the ATR channel indicator narrows
when the value of ATR Indicator, drops.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: ATR Channel

Postby Apprentice » Fri Mar 11, 2011 5:00 am

I added a version that uses Averages indicator.
To enable you choice of moving average.
ATR Channel.lua
(5.75 KiB) Downloaded 1322 times


To use this version of the indicator,
You must install Averages Indivator
viewtopic.php?f=17&t=2430&p=5705&hilit=averages#p5705
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: ATR Channel

Postby Apprentice » Sat Feb 18, 2017 5:21 am

Indicator was revised and updated.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: ATR Channel

Postby ksalex » Tue May 26, 2020 5:22 am

hi!
there seems to be a slight problem with BF-ATR Channel indicator posted on 28 July 2010. Even though I choose no additional lines it always shows 3 lines. Could you fix this?
Even better if it's possible can we have an option on how many lines to appear (1,2 or 3 lines)?
Also, is it possible to add an alert feature with arrow whenever price crosses the centerline, like in 4moving average indicator?
Last but not least, is it possible to have an option where the top line is calculated with different ATR multiplier than the bottom? (for example top line= centerline+2xATR & bottom line=centerline-1,5xATR / the calculation period for the ATR will be the same for both lines)
I know that all the above are much to ask, so I will be pleased if you develop any of them.

Thank you,
Alex
ksalex
 
Posts: 5
Joined: Thu May 07, 2020 11:10 am

Re: ATR Channel

Postby Apprentice » Tue May 26, 2020 8:04 am

Your request is added to the development list.
Development reference 1356.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: ATR Channel

Postby Apprentice » Wed May 27, 2020 7:17 am

BF_ATR_Channel.lua
(11.6 KiB) Downloaded 296 times

visibility of each line could be managed by the line style parameter
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 36341
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Previous

Return to Custom Indicators

Who is online

Users browsing this forum: Baidu [Spider] and 47 guests