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cQ-DATR Burbank MT4 Indicator | ||||||
Requirements March 9, 2022 Updated to v1.2 Fixed draws indicator correctly, fixed fatl moving average |
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Overview | |||||||
The cQ-DATR Burbank is confirmation and volume indicator based on the Directional ATR. Though similar to the cQ-DATR Topanga indicator, the Burbank version is different consisting of the DATR with a selectable moving average and period, input into a smoothing moving average. Also it uses has 4 different output modes which change the color of the indicator based on the method selected. The 4 Output Modes:
Each of these modes has a Fast and a Slow version. The Fast version is smoothed using a single moving average while the Slow version uses three. The Slow moving averages periods are generated by 'Multipliers', one for the medium and another for the slow. These multipliers are then are multiplied by the Period and rounded to the nearest integer. This allows you to maintain a particular relationship between the three moving averages. The DATR, as usual input modes, Close to Close, High minus the Low, and High minus the Low plus. There are 3 Input Modes:
Watch the video to get a better idea of what the indicator does. This version does not have any buttons so the subwindow indicator isn't required. |
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