OPEN-SOURCE SCRIPT

Double Median ATR Bands | MisinkoMaster

262
The Double Median ATR Bands is a version of the SuperTrend that is designed to be smoother, more accurate while maintaining a good speed by combining the HMA smoothing technique and the median source.

How does it work?
Very simple!
1. Get user defined inputs:
=> Set them up however you want, for the result you want!
2. Calculate the Median of the source and the ATR
=> Very simple
3. Smooth the median with √length (for example if median length = 9, it would be smoothed over the length of 3 since 3x3 = 9)
4. Add ATR bands like so:
Upper = median + (atr*multiplier)
Lower = median - (atr*multiplier)

Trend Logic:
Source crossing over the upper band = uptrend
Source crossing below the lower band = downtrend

Enjoy G´s!

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.