The BB ATR oscillator indicator shows an average true range based on Bollinger Bands
It has four adjustable parameters:
- ATR period - ATR calculation period
- ATR multiplier - ATR multiplier value
- BB period - Bollinger Bands calculation period
- BB deviation - Bollinger Bands deviation
Calculations:
BBATR = UpperBB - LowerBB - ATR * ATR Multiplier
where:
UpperBB = BollingerBands(UPPER_BAND, BB period, BB deviation)
LowerBB = BollingerBands(LOWER_BAND, BB period, BB deviation)
ATR - AverageTrueRange(ATR period)
