ATR Channel Break Out with MA Filter

This is a special momentum indicator that shows Buy signals when Price breaks the upper ATR price channel, and Sell signals when Price breaks ATR price channel.

Signals can be filtered by a custom Moving average on a selected time frame.

Repeated signals of same type can be shown or hidden.

Channels also can be shown or hidden.

Input Parameters

• ATR Period : Number of bars used for ATR indicator
• ATR Multiplier : Multiplier Factor. Used in calculating the Channel Distance from open price
• Show Channels : Show/Hide Channel Lines
• Show Duplicate Signals : Show/Hide consecutive signals of same type
• Higher TF Trend Filter MA : Enable/Disable trend filter (Moving Average)
• Trend Higher TF : Time frame used for Moving Average (i.e. H4, D1 ... etc)
• Trend MA Period on Higher TF : Period used in calculating MA on higher time frame (e.g. 21, 34, 50 ... etc)
• Trend MA Method on Higher TF : Method used in calculating MA on higher time frame (e.g. Simple, Exponential ... etc)
• alert : Enable/Disable alerts

Happy Trading,

Khalil Abokwaik