Configurable Triple ATR Bands with Selectable Moving-Average Midlines

Summary

The indicator overlays as many as three ATR band sets, each with independent settings for ATR period, moving-average period and type, applied price, and band multiplier. A visibility setting controls whether each set and its middle line appears. The midline is a selected moving average of the applied price; the upper and lower bands are formed by adding and subtracting ATR multiplied by the chosen factor. Supported midline choices range from common simple and exponential averages to alternatives such as Hull, least-squares, volume-weighted, and median averages.

The description suggests using the configurable bands to trade pullbacks from extreme levels, but it supplies no entry, exit, or position-sizing rules and no performance evidence. Results will depend on the selected periods, average types, multipliers, instrument, and timeframe. The bands describe volatility-scaled distance from a moving average; they do not by themselves establish that a price extreme will reverse. The text is an indicator specification, not a tested trading system.

Key ideas

• Each of up to three ATR band sets can use its own ATR period, moving-average settings, applied price, and multiplier.
• The middle line is a selected moving average, and the upper and lower lines offset it by ATR times the multiplier.
• The indicator supports many moving-average types, allowing different smoothing behavior for each band set.
• The description proposes using the bands around pullbacks from extremes but gives no trading rules or performance results.
• A touch or breach of a band alone does not establish that price will reverse.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.