reduced and condensed version of ATLAS Blai5 indicator to incorporate as a minimum bar to inform us of the values that are giving ATLAS signal.
ATLAS Mini gives signal when we have a mathematically significant narrowing of the Bollinger Bands (BB). It is well known that the narrowings in the BB are usually a prelude to sudden movements upward or downward. ATLAS says these figures as a warning sign.
(explanation translated from spanish).
REM Blai5 ATLAS Mini para PRT
REM Marzo 2007
dbb = SQRT((BollingerUp(close) - BollingerDown(close))/ BollingerUp(close)) * 20
dbbmed = ExponentialAverage(dbb)
factor = dbbmed * 4/5
atl = dbb - factor
if atl > 0 then
al1 = 0
al1 = 1
return al1 as "ATLAS Mini"
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.ProRealTime ITF files and other attachments :
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials