Here is our ATR-filtered . It either plots further away from price or closer to price, dependant upon the higher or lower values of the current ATR (compared to recent history).
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have 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 this Indicator, 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!
📺 YouTube: https://youtube.com/c/MastersofTrading
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.