Hi

I would like to create ATR(20day) channels showing -3,-2,-1,0,1,2,3 on the price chart. Hope this is possible.

Thanks

N 

The following assumes the centerline is a moving average of the same period and type as the moving average used to calculate the Average True Range. Add a Custom PCF Channel Indicator to the chart with the following settings:

- Period: 20
- Average Type: Up to you.
- Width Multiplier: See below.
- Channel Width Formula: (H - L + ABS(H - C1) + ABS(C1 - L)) / 2

You will need to create three of Custom PCF Channel Indicators. The Width Multipliers will need to be set to 1.00, 2.00 and 3.00. At least one of the Custom PCF Channel Indicators should have Plot Centerline checked to create the 0 channel.

Note that the period of 20 works for simple, exponential or front weighted moving averages. If you want to use Wilder's Smoothing instead, you would set the Period to 20 and the Average Type to 39 (twice the period minus one).