'Three ATR Bands with multiple selection' indicator is a set of three ATR Bands indicators each having adjustable parameters.
It has nineteen input parameters:
Show middle lines - show the middle ATR Band (Yes/No)
Show first ATR Bands - show the first ATR Bands indicator (Yes/No)
First ATR period - ATR calculation period for the first ATR Bands
First MA period - MA calculation period for the first ATR Bands (middle line)
First MA type - MA type for the first ATR Bands
First applied price - MA calculation price for the first ATR Bands
First bands multiplier - ATR multiplier for the first ATR Bands
Show second ATR Bands - show the second ATR Bands indicator (Yes/No)
Second ATR period - ATR calculation period for the second ATR Bands
Second MA period - MA calculation period for the second ATR Bands (middle line)
Second MA type - MA type for the second ATR Bands
Second applied price - MA calculation price for the second ATR Bands
Second bands multiplier - ATR multiplier for the second ATR Bands
Show third ATR Bands - show the third ATR Bands indicator (Yes/No)
Third ATR period - ATR calculation period for the third ATR Bands
Third MA period - MA calculation period for the third ATR Bands (middle line)
Third MA type - MA type for the third ATR Bands
Third applied price - MA calculation price for the third ATR Bands
Third bands multiplier - ATR multiplier for the third ATR Bands
The types of Moving Averages, which can be used for each of the three ATR Bands:
Simple - simple moving average
Exponential - exponential moving average
Smoothed - smoothed moving average
Linear-Weighted - linear weighted moving average
Wilder Exponential - Welles Wilder's exponential moving average
Sine-Weighted - sine-weighted moving average
Triangular - triangular moving average
Least Square - least square moving average (LSMA)
Hull MA by Alan Hull - Hull's moving average (HMA)
Zero-Lag Exponential - exponential moving average with the minimum delay
Instantaneous Trendline by J.Ehlers - John Ehlers' trendline
Moving Median - moving median
Geometric Mean - moving average based on the geometric mean method
Regularized EMA by Chris Satchwell - moving average based on Chris Satchwell's Regularized EMA method
Integral of Linear Regression Slope - integral of linear regression slope (ILRS MA)
Combination of LSMA and ILRS - moving average - combination of LSMA and ILRS methods
Triangular MA generalized by J.Ehlers - John Ehlers' triangular moving average
Volume-Weighted - volume-weighted moving average
Calculation:
Top = Middle + ATR * Multiplier
Bottom = Middle - ATR * Multiplier
Middle = MA(Applied price, MA period, MA type)
Since the indicator provides wide options for adjusting the indicator lines, it is convenient for trading at rollbacks from extreme values.