Average True Range Channels

Apple Inc.NASDAQ

설명

⋅ 2016년 11월 3일 오전 9시 52분

Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living".

You can adjust the EMA and ATR days that are the basis of these channels.

This is my first script – happy to get any feedback on this! Thanks :)

코멘트

GMartins247

⋅ 2019년 7월 18일 오후 6시 33분

Please, how do I use this indicator? At what level should I buy or sell as there are 3 upper and lower band

RupertRamiro

⋅ 2021년 3월 19일 오전 2시 30분

@GMartins247, Try to take a look also on the force index.

cetrero

⋅ 2022년 6월 10일 오후 12시 35분

@GMartins247, en el tercer nivel es más probable la compra o venta

marbor889

⋅ 2020년 5월 4일 오전 5시 35분

Ok how to install it on metatrader4?

ancapreb

⋅ 2017년 9월 27일 오후 8시 50분

Great Indicator, thanks a lot!.

One point, if someone can help me...when I add the indicator I see the bars flattening.
Is there a way to see them with the normal size?

Thanks a lot!

Cidney12

⋅ 2023년 9월 12일 오후 11시 51분

Great work! I'm using it for my trailing stops and it works like a charm. Thanks a million!

ybsjy2tbpg

⋅ 2023년 3월 6일 오후 7시 53분

Hello Mr Bertling,

thank you very much for this script. This is exactly what I was looking for after reading Alex Elder.
It adapts to the respective time window. Could it also be set to see the ATR bands of the 15 minute chart on the hourly chart?

All the best and many greetings

Timo

joehio

⋅ 2022년 8월 21일 오후 2시 6분

This produces the same results as Keltner Channels since they're both ATR based.

cetrero

⋅ 2022년 6월 10일 오후 12시 34분

Excelente, he probado cambiar la ema y adaptarla a cada activo, funciona muy bien incluso en tf low

any_money

⋅ 2022년 2월 27일 오후 3시 32분

Excellent script