BambinoFlex wrote: Wed Oct 09, 2019 4:50 pm Mr. Tools,
Great indicators that you've created. I'm looking for an ATR Percent based step/regular moving average. Theres one on trading view, I'm only wanting the "R" output:
https://www.tradingview.com/v/seTYoI2K/
My main objective is to use it as a moving average with a 1.5 ATR multiplier. In essence it places a "pivot" line based on the 1.5 ATR Percent difference. It doesn't lag, and it places the next volume one candle in advance but its not much use until the current candle closes because it moves as the current bar moves, either up or down.
Let me know if it's possible for mt4.
Thanks,
Jorge A
Hi - I think you are confused about what you are asking for. A moving average with ATR multipliers, is as you say - moving. The result you will get from that will be ATR Channels which you say you have searched for but aren’t what you are looking for.
Looking at the link in your post, it suggests some sort of forward fixed line projection of an ATR multiple off a zig-zag point which are typically formed by fractals and depending on the indicator, some more calculations. So it’s more of a levels calculation from a given point in time/price. If that is what you are looking for then you could easily doctor an auto-fib indicator to give you ATR levels instead.
In short, if you are looking for a straight line horizontal projection from a moving average, then I can’t see how that can be produced (or why).