Simple moving average that utilizes the moving average of the highs and lows to determine a channel. When prices are above the channel high the moving average is only allowed to increase and vice-versa. This mechanism can be used to reduce whipsaws when price trades rapidly above/below a simple moving average.

 

Parameter:

Description:

TrendChannelBars

Number of bars used in determining the average trend channel results.

 

Setup Example (Click on Images to enlarge):

Average Trend Channel Setup

Average Trend Channel setup dialog

 

Chart Example (Click on image to enlarge):

Average Trend Channel Indicator

Average Trend Channel Indicator

 

 


 

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