ATR Channel Break Out with MA Filter
This is a special momentum indicator that shows Buy signals when Price breaks the upper ATR price channel, and Sell signals when Price breaks ATR price channel.
Signals can be filtered by a custom Moving average on a selected time frame.
Repeated signals of same type can be shown or hidden.
Channels also can be shown or hidden.
- ATR Period : Number of bars used for ATR indicator
- ATR Multiplier : Multiplier Factor. Used in calculating the Channel Distance from open price
- Show Channels : Show/Hide Channel Lines
- Show Duplicate Signals : Show/Hide consecutive signals of same type
- Higher TF Trend Filter MA : Enable/Disable trend filter (Moving Average)
- Trend Higher TF : Time frame used for Moving Average (i.e. H4, D1 ... etc)
- Trend MA Period on Higher TF : Period used in calculating MA on higher time frame (e.g. 21, 34, 50 ... etc)
- Trend MA Method on Higher TF : Method used in calculating MA on higher time frame (e.g. Simple, Exponential ... etc)
- Alert : Enable/Disable Alerts