In this chart we can see an adaptation I made of an indicator a certain fellow named nanningbob uses in one of his trading systems.
It's a great thing to have, since Forex pairs are mostly ranging markets. It captures price movement very well, and gives realistic take profit levels, without having to risk major drawdown if used wisely.
Hope you like it and find...
CM_MTF ATR Bands/Stops
Many Options Available Via Input Tab:
-Chart Defaults to Upper and Lower ATR's Based on Current Chart TimeFrame
-Ability to Plot either Upper and/or Lower ATR's
-Ability to Change the Time Frame ATR's are Based On!
-Ability to change Look Back Period and ATR Multiplier Individually for Both Time Frames
-This Gives you the ability to plot...
CM ATR PercentileRank - Great For Showing Market Bottoms.
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom.
This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility
Be Careful Of Using w/ Market Tops. Not As...
This is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds.
I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay...
