robo296 wrote: Tue May 02, 2023 1:18 am is it possible to add atr bands to this indicator?

i-CAi with ATR bands

This version includes ATR (Average True Range) Bands for those looking to capture market turning points or trend entries.

• A smaller ATR setting ie: 1.0 will create a moving average channel display for timing trending market entries whenever price breaks the outer bands.
• A larger ATR setting such as 3.0 and higher will provide reversal trading opportunities.

What is the i-CAi indicator?

In 2006 Alexander Piechotta released this indicator which represents the "Breakthrough Line". CA stands for "Corrected Average". It was a very early code which attempted to filter out market noise and did this well on the 1 Hour timeframe and above.

The original author's explanation

The strength of the corrected average (CA) is that the current value of the time series differs from the current.
The volatility dependent threshold must be exceeded, so that the filter rises or falls, causing false signals be avoided in phases with a weak trend.

On it's own the indicator can be used as a filter to base decisions on but should be used with a secondary confirmation indicator when using it on the lower timeframes.