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The indicator builds a
corridor from the Moving Average, shifted up and down by “n” ATR (“n” is set in the settings).

  • The price crossing
    the middle line of the indicator from the bottom up is a buy signal.
  • The price crossing
    the middle line of the indicator from top to bottom is a sell signal.
  • The price crossing
    the upper line of the indicator indicates overbought and a possible local
    pullback.
  • If the price crosses
    the lower line of the indicator, it indicates oversold conditions and a possible local pullback.

Indicator Parameters:

  • MA period – the period of the moving
    average used for plotting.
  • MA shift – the shift of
    the moving average used for plotting, relative to the price chart.
  • Applied to the-the price
    at which the moving average is calculated.
  • Method of smoothing –
    the method of averaging MA.
  • ATR period – ATR period
    to offset the MA up and down.
  • Offset MA on ATR – how much ATR should offset MA.
  • Shift indicator – the shift of the
    indicator relative to the price chart.
  • The price crossing
    the middle line of the indicator from the bottom up is a buy signal.
  • The price crossing
    the middle line of the indicator from top to bottom is a sell signal.
  • The price crossing
    the upper line of the indicator indicates overbought and a possible local
    pullback.
  • If the price crosses
    the lower line of the indicator, it indicates oversold conditions and a possible local pullback.

[spoiler title=”Read More…”]

Indicator Parameters:

  • MA period – the period of the moving
    average used for plotting.
  • MA shift – the shift of
    the moving average used for plotting, relative to the price chart.
  • Applied to the-the price
    at which the moving average is calculated.
  • Method of smoothing –
    the method of averaging MA.
  • ATR period – ATR period
    to offset the MA up and down.
  • Offset MA on ATR – how much ATR should offset MA.
  • Shift indicator – the shift of the
    indicator relative to the price chart.

[/spoiler]

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