ATR Max Trend finder

The ATR Max indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction.

The indicator works well in a trending market but can give false signals when a market is trading in a range.

It uses the ATR ( average true range ) as part of its calculation which takes into account the volatility of the market.

The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is.

At the same time we have another condition of how many candles in the past we want to take in order to get the min and the max values to build the trend.

If you have any questions, let me know in private chat !

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。