Is there an welles wilder atr bar indicator that changes colour? I think I saw something like this on the forum but cant find it anymore.
it is described as following:
it looks back over 40 bars and marks a “trend change” (flipping colors) when price moves 2.6 ATR’s off the highest high or lowest low of that lookback period. Don’t get too caught up on specific rules, but consider if adapting the concept of some kind of trend indicator wrapped into color rules might help you see charts more clearly. If so, use it. If not, go for clarity and keep things as simple as possible.
thanks for your effort in advance
Re: MT4 Indicator requests and ideas
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