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Published:

16 August 2018, 14:11

Smooth ATR Trend envelopes of averages.mq5 (11.12 KB) view

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Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same.

This version is using smooth ATR for the price change calculation instead and is adding prices smoothing prior to be used in calculations. The smoothing can be done using one of the 4 averages types:

Simple Moving Average
Exponential Moving Average
Smoothed Moving Average
Linear Weighted Moving Average

Wilders DMI - averages

Logarithmic Garman Klass volatility

Volty channel stop - smooth ATR

Keltner channel - smooth ATR

Smooth ATR trend envelopes of averages - indicator for MetaTrader 5