Average Trend Channel

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):

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Average Trend Channel setup dialog

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Average Trend Channel Indicator

 

Chart Example (Click on image to enlarge):

 

 

Links:

Basic Indicators, Calculated Indicators, Creating Indicators, Custom Indicators, Indicator Access, Indicator Reference

See Also:

Data Group and Types, Indicator Pack 1 Indicators

 


Edit Time: 4/8/2018 2:08:38 PM


Topic ID#: 157

 

 

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