Block Moving Average

This type of a moving average differs from others in that not one value, but a certain channel is calculated as a result. Also the ATR indicator is used in calculations.

The indicator view in the chart.

The indicator has the following parameters:

Settings

Average true range - setting of the ATR indicator period.

Multiplier 1 - setting of the first channel boundary coefficient.

Multiplier 2 - setting of the second channel boundary coefficient.

Drawing

Panel - selection of the indicator location in the chart:

• New panel
• Chart

First Line, Second Line

Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.