IMACD ATR indicator

IMACD ATR indicator as is clear from the title is "crossed" out of such popular indicators as MACD and ATR.
The indicator itself iMACD ATR displayed on the graph at the bottom of the indicator window and along the histogram MACD goes blue line shift, using the same scale. Themselves histogram bars MACD are gray in color by default, but some of these columns, under certain circumstances in the market, are painted in green and red.

Logic, which was built by this indicator is very simple to understand, when the MACD histogram crosses the zero line and it turns out, for example, in the positive zone, the values ​​of each column histograms are reduced by the trading range (indicator ATR), or increased by this amount at negative values ​​of the MACD.

When the value of the MACD indicator has become so large that it begins to exceed the value of a trading range, then its columns are painted in one or another color depending on the current value. For positive values, the columns have a green color, and painted in red - in the negative.

An indicator:

FastEMA - fast EMA indicator MACD;
SlowEMA - slow EMA indicator MACD;
ATR - the period's trading range;
Price - the price at which the indicator will be calculated MACD:
0 - close,
1 - open,
2 - high,
3 - low,
4 - median (HL / 2)
5 - typical (HLC / 3)
6 - weighted (HLCC / 4).
The blue line indicator iMACD ATR is the result of bias on the value of MACD and ATR at the signs of the MACD with the result of his bias and is colored histogram bars. But to be tinged with just two or more columns in a row, it is necessary that the values ​​of the MACD histogram is steadily increasing for positive values, and permanently reduced - for negative.

The use of the trade:

when using such a simple and at the same time intuitive and informative display, the rules for opening and closing, using this indicator, you can invent yourself, you need only call attention to certain patterns of price movement of the indicator.

For example, you can open a transaction at the intersection of the histogram in the direction of zero crossing, and close when the bars are colored - for the conservative trade or close a deal is possible after the colored bars turn gray again - for aggressive trading.

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