ATR Trend & ATR Top/Bottom (Expo)

Setting Panel Explained

• ATR Trend & ATR Top/Bottom (Expo)

  After you have read about how the settings works, please check out the example settings at the end.

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1.0 Enable ATR Lines

• Enable ATR Lines: Select the ATR Feature you want to use.

 

• If you want to use the Top/Bottom Feature you have to select “Top/Bottom ATR” in the list and under 1.1 “Enable Top/Bottom Feature” you have to toggle on “Show ATR Top/Bottom Line” and “Show ATR Top/Bottom Background Color?”

 

This is how the ATR Line looks like

 

This is how the Trend ATR Line looks like

 

This is how Both ATR & Trend ATR Line looks like

 

This is how the Top/Bottom Feature Line looks like

 

2.0 ATR & Trend ATR Settings

These settings do only apply for “ATR Line” and for “Trend ATR Line”

Trend Source: This is the input source on which the calculations should be based on. Try input whatever you want!

Trend Length: Sets the underlying trend. A high value means LongTerm Trend and a low value means ShortTerm Trend.

Trend Sensitivity: This value smooths out the transition between Positive and Negative Trends. A higher value makes the transition slower. 

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3.0 Top/Bottom Settings

These settings do only apply to the Top/Bottom Feature

Length: This sets the underlying impulse length. Basically, a high value gives LongTerm impulses & Trend direction and a low value is meant to find ShortTerm impulses (Scalping Top/Bottom)

Sensitivity: If you set this value to 1 you get more sensitivity (and much more signals). Increase this value step by step up to 10 or 20 and you will only get the most significant Top/Bottom Impulses. 

ATR Trend Length: This value has a major impact on the output!

A low value means that you get ALL impulses. A high value means that you only get the most significant impulses.

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3.1 Top/Bottom Limit

These settings do only apply to the Top/Bottom Feature

BgColor Limit (Alert Value):

If the “> ATR Top Feature Line” crosses over this Limit value the green background-color appears. If the “> ATR Top Feature Line” crosses under this Limit value the green background-color disappears.

If the “> ATR Bottom Feature Line” crosses over this Limit value the reds background-color appears. If the “> ATR Bottom Feature Line” crosses under this Limit value the red background-color disappears.

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3.1 Top/Bottom Limit – Alerts

The alerts are based on the BgColor Limit value. 

Start Alerts: Triggers when the background colors appear. 

End Alerts: Triggers when the background colors disappear. 

Example: The Alert 2.0 ATR TOP Start (CrossOver Limit) triggers when the GREEN background color appears.

3.2 Color Settings

These settings do only apply to the Top/Bottom Feature

• Adjust the color and background color for the Top/Bottom Feature.

 

BarColor (ATR Line) Settings

These settings do only apply to the ATR Line

• The BarColor triggers when the ATR Line crosses Over/Under the Limits value you set.