an interesting indicator ! but is commerical .. is the smiliar available in our forum...
eatures:
>>>>>>>
the signals are given on "Pin Bars", which indicate a trend reversal
with the help of the filters, only the best "Pin Bars" are selected for the signals
does not redraw on closed bars
optimum operation algorithm, therefore the terminal does not "freeze"
Sell signals only appear above the МА ± ATR×Coeff channel, and the buy signals occur only below the МА ± ATR×Coeff channel
Input Parameters:
Filter 1: Maximum of Bars - signal "Pin Bar', must be the extremum for the specified amount of bars
Filter 2: MA Period - МА period for the channel calculation
Filter 2: ATR Period - the Average True Range indicator period for the channel calculation
Filter 2: ATR Coeff - ATR value multiplier for the channel width correction
