Moving Average - Block

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.

Image 29577


The indicator has the following parameters:

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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.

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