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Trend Force Oscillator Based on Rolling ATR-Adjusted Price Extremes

Article MQL5 code base
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Summary

This document describes a Trend Force oscillator with three inputs: a calculation period, an ATR period, and an ATR coefficient. Its construction uses rolling price extremes adjusted by the Average True Range. The upper series is based on the highest value of maximum price minus a coefficient-scaled ATR over the calculation window; the lower series uses the lowest minimum price plus that ATR adjustment. Maximum and minimum prices are themselves measured over the ATR window.

The description identifies the inputs and components but does not include the final oscillator equation or explain how to interpret its values as trading signals. It provides no markets, parameter recommendations, backtest, or performance evidence. The method therefore offers a compact outline of an ATR-adjusted price-range indicator, but additional source code or documentation would be needed to reproduce the full calculation and assess its behavior.

Key ideas

  • The indicator uses a calculation window, an ATR lookback, and an ATR scaling coefficient.
  • Its upper and lower series adjust rolling price extremes by a coefficient-scaled ATR.
  • The document does not show the final oscillator equation or explain signal interpretation.
  • No parameter guidance or performance evaluation is provided.

Tags

Technical indicatorsVolatilityTrend following

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