Envelope-ATR

v10.3
Envelope-ATR

Envelope-ATR consist of 3 WeightedAverages(21) and the AverageTrueRange(14).

In fact its very simple, take the WeightedAverage (21) of the Close, the high and the low. The WeightedAverage of the close count as the arbiter of the game.

The WeightedAverage of the High decide the upper band and the WeightedAverage of the Low decide the lower band.

The background of the channel is coloured with conditions based on the slope of the envelope.

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Risk disclosure:

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 : How to import ITF files into ProRealTime platform?

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