This indicator can be used for trend continuation trading strategies based on price action consistently staying either on the upper or lower half of the channel. The sky blue line being the closest to the middle, the blue line a notch away from the sky blue line, and the red line being the farthest from the middle line. It then plots three pairs of lines which expand out from the middle line. It plots a middle line which is based on a moving average line. This indicator plots seven lines which form a channel-like structure that wraps around price action. The ATR Channels Indicator is a channel type of technical indicator which is based on the Average True Range (ATR). ![]() The ATR Channels Indicator is based on this concept as it plots lines based on the Average True Range. 5.3 Recommended Options Trading PlatformĪverage price movements can be useful information for anticipating logical price levels where price may reach and price levels where price is more likely to reverse.5.2 Recommended Forex MetaTrader 4 Trading Platform. ![]()
0 Comments
Leave a Reply. |