Plots crosses above and below the current price giving you the ability to quickly set your stop loss (or the 1st profit target) depending on a custom variable by which the average true range is multiplied with the option to specify the length as well as the type of the moving average (RMA, SMA, EMA or WMA) that are taking into account.
Optionally, you can disable showing of the crosses on the chart and just let the indicator display the calculated value by itself.
Optionally, you can disable showing of the crosses on the chart and just let the indicator display the calculated value by itself.
Versionshinweise:
The default multiplier value now set to 1.618.
Versionshinweise:
Fixed a bug with scaling on some charts.
Versionshinweise:
Removed the plot function for the calculated value as it messed up with the overall scale on futures charts.
Versionshinweise:
Now showing the actual ATRM value (next to the indicator title).