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).
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REM Blai5 ATLAS Mini para PRT REM Marzo 2007 dbb = SQRT((BollingerUp[20](close) - BollingerDown[20](close))/ BollingerUp[20](close)) * 20 dbbmed = ExponentialAverage[120](dbb) factor = dbbmed * 4/5 atl = dbb - factor if atl > 0 then al1 = 0 else al1 = 1 endif return al1 as "ATLAS Mini" |
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