BASELINE + ATR CHECKER BANDS

١ فبراير ٢٠٢٠

This script shows the Ichimoku Baseline and ATR Bands.

Inspired by VP's algorithm this indicator tell you if you can open a trade or not.

How to use:
If a long/short candle cross the baseline and its close is higher/lower the ATR bands DO NOT TAKE the trade, otherwise feel free to enter.

Input variables:

• Baseline Period (26 is default)
• ATR Period (14 is default)
• ATR safe zone bands multiplier (default is ATR*1)

How to install:
Add this indicator to your chart and pin it to the Right Scale (A)