Have been attempting to create an indicator that will draw a trend line on a chart that is the sum of a 10 period exponential moving average and the average true range (14).
Also want to be able to do the opposite, being subtract the ATR(14) from a 10 period EMA and draw the line on the chart.
Could program reasonably well using Metastock but with
hey damiana ..... nice to see a fellow metastock user here.... are you using metastock fx.... if so, do you find it helpful......
here's a quick shot at your indicator..... holler back if any changesare needed....h
I just came saw that you wrote "long time ago" for damiana an indicator (damiana ma + atr.mq4).
I was looking for something like this but with a small additional feature:
Instead of adding/substracting the ATR equally to both sides of the MA I need the possibility to add the ATR*Factor(A) to the upper side of the MA and to substract the ATR*Factor(B) to the lower side of the MA.
By this I can change the ATR-value (with the factor) individually for both sides of the MA.
Unfortunately I'm not a coder and I would greatly appreciate if you could build this feature in for me.
Thanks for the help.
Sorry made a mistake.
What I need is not the MA+ATR, but the Hi/Low +- ATR*Factor(A/B).
In other words I would like to have one line on top of the bar (high + ATR*Factor(A)) and the second line below the low of the bar (low - ATR*Factor(B)).
In the indicator I should be able to change individually the factor A (to the upside of the bar) and faktor B (to the downside of the bar) and the ATR.
Sorry again, it is obviously already too late here in Gemany.