ATR to Baseline

This indicator creates a channel relative to other chart indicator: indicator + ATR and indicator - ATR. Useful to know if price has gone up too far of your baseline. The ATR levels can be adjusted with a multiplier.

It can also be applied to prices (close, open, high, low, median...) or other subwindow indicators. Actually you can get the same information about distances to baseline when applying it to close prices


You can also get this indicator for MT4 (a bit more complex to use, but it can work there too)

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Manuel Alejandro Cercos Perez
5 (1)
Perform any operation between your terminal symbols (or your custom ones) to create custom synthetic symbols : log scales, relative performances (stock vs SP500, gold vs silver...), currency indexes... the possibilities are endless! You can execute any mathematical operation between symbols and constants candle by candle. There are functions included for getting the minimum [min(a,b)] or maximum [max(a,b)] between 2 values, and the square root [sqrt(x)], absolute value [abs(x)], logarithm [logn(
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Michael-MT5
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Michael-MT5 2024.08.27 13:04 
 

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