OPEN-SOURCE SCRIPT

Channel MA-ATR based

3 552
Draws a channel based on 200h moving avarage.
Channel bounds are based on a weighted day`s ATR.
A price is usually not exceeds a channel`s 2 bounds (red color) for a much points, especially during a trend.
A channel 1 (yellow color) is optional and may be used as an estimated landmark level during consolidations.

The script`s parameters are optmized for EUR/USD. You may customize parameters and use any other tickers.

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