The TVX is all in all a better . It is used in the same way, but tracks changes better than the standard ATR.
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have this Indicator, our True Index (Free Version)
- On the Chart we have Berlin Candles which is our unique take on a mix between normal candles, Heikin Ashi candles all while retaining the essential data.
- Also on the chart we have our ATR-filtered . It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.
- In the Bottom Panel we have our version of On-Balance based on Heikin-Ashi Candles
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.