This indicator call “ATR Trend” will display 2 lines on chart, make it easy to trade buy/sell. and also Stop Loss.
This Indicator’s formula base on standard ATR (Average True Range) function. and I combined it with “Dow Theory” concept.
It has 4 parameters.
– ATR : Period of ATR it self.
– ATR Multiple : Multiple value to display on chart.
– Price Mode : Used this price option for check on change to uptrend or downtrend
[Open, High, Low, Close, High/Low, (High+Low) / 2, (High+Low+Close) / 3 , (Open+High+Low+Close) / 4 ]
– Show Buy/Sell : display buy/sell on chart when trend change.
PS. It just look similar to my “Accurate Swing” indicator, but there are not.
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