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ATR Trailing Channel MT4

The indicator displays the Trailing ATR Channel in the chart window.

  • The upper line (green by default) shows the High + Target Profit Factor * ATR
  • The central line (blue by default) shows the Reference Price + Input Factor * ATR
  • The lower line (red by default) shows the Low - Stop Loss Factor * ATR


Input Parameters

  • ATR Period: period of the Average True Range
  • Input Factor: multiplier to calculate the central line
  • SL Factor: multiplier of the lower line
  • TP Factor: multiplier of the upper line
  • Price Reference to In Factor: the reference price to calculate the central line
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