Average Trend Channel
Contents
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 dialog  Average Trend Channel Indicator |
Links: |
|---|
Basic Indicators, Calculated Indicators, Creating Indicators, Custom Indicators, Indicator Access, Indicator Reference |
See Also: |
Edit Time: 9/26/2020 1:12:47 PM |
Topic ID#: 157 |