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ATR band indicator

  • #1
  • First Post: May 27, 2009 1:58pm May 27, 2009 1:58pm
Does anyone know of an indicator that can plot a band either side of a simple moving average that is the equivalent of the ATR?
This type of indicator would be able to highlight any candles that are larger than the recent trend. These can then be used to trade retracements or breakouts.

Mister ED
  • #2
  • May 27, 2009 6:07pm May 27, 2009 6:07pm
Starc bands any good?
  • #3
  • May 27, 2009 6:24pm May 27, 2009 6:24pm
What's a STARC band?

Mister ED
  • #4
  • May 27, 2009 8:47pm May 27, 2009 8:47pm
They are called Keltner Channels. Most platforms should have them as a standard indicator.
  • #5
  • May 28, 2009 8:16am May 28, 2009 8:16am
Thanks a lot.

Mister ED
  • #6
  • May 28, 2009 9:01am May 28, 2009 9:01am
Moving Average Dynamic Envelopes (Keltner On Steroids)

I have written an indicator that is similar to the Keltner Bands, only it is much more adjustable.

1. You can choose the Moving average periods independent of the ATR
2. You can choose which method of Moving Average you want 0=SMA 1=EMA 2=smoothed 3= LWMA
3. You can choose on what price you want the indicator applied
. 0=Close 1=High 2=Low 3=Median 4=(H+L+C)/3 5=(H+L+C+C)/4
4. You can choose the ATR period independent of the Moving Average Period
5. You can choose how many ATRs, (or fractions of ATRs) you want to add to each side of
the Moving Average to form the envelopes.
Attached File(s)
File Type: mq4 Moving Average Dynamic Envelope.mq4   3 KB | 4,149 downloads
  • #7
  • May 28, 2009 11:15am May 28, 2009 11:15am
Quoting smjones
Moving Average Dynamic Envelopes (Keltner On Steroids)
Excellent! Thank you, Scott.

Do you use this very much? If so, what settings do you use for various TFs/pairs, etc.?
  • #8
  • Edited 2:20pm May 29, 2009 2:00pm | Edited 2:20pm
This is just the indictor that I have been looking for.

Are you able to add an extra set of ATR levels, so that say two bands could be drawn at the same time?

Thanks a lot.

Mister ED

Quoting smjones
Moving Average Dynamic Envelopes (Keltner On Steroids)

I have written an indicator that is similar to the Keltner Bands, only it is much more adjustable.

1. You can choose the Moving average periods independent of the ATR
2. You can choose which method of Moving Average you want 0=SMA 1=EMA 2=smoothed 3= LWMA
3. You can choose on what price you want the indicator applied
. 0=Close 1=High 2=Low 3=Median 4=(H+L+C)/3 5=(H+L+C+C)/4
4. You can choose the ATR period independent of the Moving Average Period
5. You can choose how many ATRs, (or fractions...
  • #9
  • May 29, 2009 2:34pm May 29, 2009 2:34pm
Quoting Mister ED
This is just the indictor that I have been looking for.

Are you able to add an extra set of ATR levels, so that say two bands could be drawn at the same time?

Thanks a lot.

Mister ED
Couldnt you just add the indicator to the chart again with the different ATR settings?
  • #10
  • May 29, 2009 4:36pm May 29, 2009 4:36pm
Quoting Mister ED
This is just the indictor that I have been looking for.

Are you able to add an extra set of ATR levels, so that say two bands could be drawn at the same time?

Thanks a lot.

Mister ED
Yes he beat me to it. Just apply the indicator twice with different settings, works fine.
  • #11
  • Oct 20, 2009 8:58am Oct 20, 2009 8:58am
Quoting smjones
Moving Average Dynamic Envelopes (Keltner On Steroids)

I have written an indicator that is similar to the Keltner Bands, only it is much more adjustable.

thank you very much
I was looking for something like this... is it possible to add spread to the lower and upper bands of the indicator please
  • #12
  • Feb 9, 2010 10:37pm Feb 9, 2010 10:37pm
  •  dyos
  • | Joined Jul 2007 | Status: Automating forex strategies daily | 48 Posts
I've been working on this ATR indicator not sure if it's what you're looking for or not.

Basically what it does is:

  1. Takes the range(high-low) the last x bars.
  2. Averages the range of the last x bars.
  3. Displays as a histogram the percentage of change from the average.
  4. Takes an average of the percentage of change from the average.
  5. Allows you to set a horizontal line at your preference so you can see when the average is breaking out.

http://www.jeremywhittaker.com/2010/...out-indicator/

Hope this helps.

  • #13
  • Mar 14, 2012 11:22am Mar 14, 2012 11:22am
Quoting opie999
Excellent! Thank you, Scott.

Do you use this very much? If so, what settings do you use for various TFs/pairs, etc.?
Ditto, Thanks for this indicator!
  • #14
  • Dec 11, 2018 11:33am Dec 11, 2018 11:33am
can anyone add an alert for candles closing outside the outer bands?? thx in advance
  • #15
  • Dec 25, 2018 9:01am Dec 25, 2018 9:01am
Quoting dyos
I've been working on this ATR indicator not sure if it's what you're looking for or not. Basically what it does is: Takes the range(high-low) the last x bars. Averages the range of the last x bars. Displays as a histogram the percentage of change from the average. Takes an average of the percentage of change from the average. Allows you to set a horizontal line at your preference so you can see when the average is breaking out. http://www.jeremywhittaker.com/2010/...out-indicator/ Hope this helps.
I think, the main part is; this indicator describes the market volume so smartly! So, we can identify the difference between supply & demands.
  • #16
  • Jan 8, 2019 9:21am Jan 8, 2019 9:21am
Quoting GeorgeBaile
{quote} I think, the main part is; this indicator describes the market volume so smartly! So, we can identify the difference between supply & demands.
Care to share the indicator
  • #17
  • Jan 9, 2019 4:42am Jan 9, 2019 4:42am
Quoting metta87
{quote} Care to share the indicator
Mate; here I’m talking about default indicator! But I have changed the parameter, that’s it.
  • #18
  • Jan 9, 2019 9:31pm Jan 9, 2019 9:31pm
Quoting GeorgeBaile
{quote} Mate; here I’m talking about default indicator! But I have changed the parameter, that’s it.
which default indicator ?
  • #19
  • Last Post: Jan 9, 2019 11:35pm Jan 9, 2019 11:35pm
Quoting metta87
{quote} which default indicator ?
Mate, I am talking about ATR; search the your indicator list of your Mt4. Then you’ll get this one.
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