rijay wrote: ↑
Sat Sep 08, 2018 12:43 am
friend4you wrote: ↑
Fri Sep 07, 2018 4:49 pm
Normally, I use also 2 bigger atr-bands that represent higher timeframes, mainly to see trend and a volatility based sl. Settings are different on the timeframe and pairs you trade, but scroll back which short spike or short pullback still left you in the market with sl you can be confident of. A lot of systems jump on many trend changes which may be on 30 or 60 min just a pullback and you miss the main trend for small pips.
if you want to see on chart which bar closes outside your band atr best, use this version, will match with your bands settings , see i overlapped it on your bands
I prefer atr bands and indicators not in mtf-mode as they repaint until higher timeframe is closed. In the bands thread, there are more starc like bands like rijays, but only few calculate with atr. Deviation as in Bollinger Bands is by far not as accurate.