X-axis lines prevail in grid manner, ruled by Average True Range. There’s an evitable change in specific periods of time! It’ll stretch, expand, shrink, and evolve with 4 timely choices of grid states! MATR means “multiplying average true range” in which grandeurs the grid pip-distant levels, seeming to grasp a wave of perfectly synched parameters in accordance with their size on the chart. The higher its value, the wider the actual period of time the ATR has become. This origin code recognizes the participation on a chart, noticing the development in volume!
If you were to click on the gifs attached, you’d see it in action!
|This is an indicator |
Matter a fact, strategy testing this indicator would allow you to review the history of the price pathway with ATR grid lines, powered by meaningful times in the forex market! Just like an expert advisor, there are signaling taking place. But uniquely, it’ll show vital pressure points of how volume can vaguely form candlesticks! This indicator would give definition to the potency of price action, revealing average true ranges on any state and timeframe, you choose!
With expansions of the Grid, stretching would mean a larger volume of chart participants while a less volume gives a grid a narrower range, tightening.
Theoretically you would be able to combine this with any other strategy, evaluating trends, sighting bull and bear battles, and why price would reverse. If you have any other inquiries, questions, or comments, tell me and I’ll let you know.
State 1: Forex Sessions evolving thoroughly | ATR Grid ranges thoroughly evolving from one trading session to the next (Forex). ATR Grid ranges thoroughly evolving from one trading session to the next. It makes use of the Open high low and close from previous sessions for calculation.
State 2: Previous Candlestick Count in Time (>1) | ATR grid ruled by a previous candlestick (>1) in a given Timeframe
State 3: 12 hrs –> 12 hrs (AM to PM) | Grid MATR changes twice every 24 hours
State 4: Forex Sessions evolving per say (1=1)(2=2)(3=3)(4=4) | Forex Sessions in Average True Range Grid are dependent on their own sessions, coherent to another. Similar to State 1, the only difference is it uses the previous session price of a particular session to calculate its Grid ATR. For example, if the new session is London session then it will calculate grid using value from previous London session from the day before. This type of grid ATR will match each session to corresponding session. NY to NY, London to London, etc. (1=1 | 2=2 | 3=3 | 4=4)
To calculate the Grid of these states, you have to Identify the number of bars back for which you want to calculate the Grid ATR. This is usually done by selecting a specific time frame, such as the past 10 days or the past month. Then for each state calculate the true range, add it all up and divide by the bars back to get the ATR. ( ( ( Expanding the Grid's ATR is customizable to your preference with AN INCLUDED MINIMUM AND MAXIMUM LIMITATOR VARIABLE.) ) )
In respects of the makers: Emmanuel & Abraham