Category Trend  Published on 09/01/2014

Average True Range Channels

Description

Average True Range Channels are calculated by adding and subtracting a weighted Average True Range  to a Moving Average usually simple.
When the ATR is added it produces the Upper Band.
When subtracted the Lower Band.
In this case there are 3 sets of channels each with an upper and lower band.

Average True Range Channels Chartshot

 

 

 

 

 

 


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KA
kalex718

Joined on 27.07.2012

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: AtrChannels.algo
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  • Modified: 13/10/2021 09:54
Comments
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3xfx's avatar
3xfx · 9 years ago

who do I know what the atr value of each bar is.