Live example
Settings and defaults
| Setting | Default | Allowed range |
|---|---|---|
| Source | Close | Open, High, Low, Close, High-low average, Typical price, OHLC average |
| Lookback | 20 | 1 to 500 |
| EMA period | 20 | 1 to 500 |
| ATR period | 14 | 1 to 500 |
| Band multiplier | 2 | 0 to 100 |
What it plots
Drawn on the price chart, on the same scale as the candles.
| Line | Unit | Drawn as | First value |
|---|---|---|---|
| Median | Price | Line | after 20 candles |
| Median EMA | Price | Line | after 39 candles |
| Upper band | Price | Line | after 20 candles |
| Lower band | Price | Line | after 20 candles |
Calculation notes
- Median with an independently warmed EMA and bands based on Wilder ATR. The median remains visible before the EMA or ATR is ready.
Questions
What are the default settings of Median ATR Channel?
The defaults are Source: Close, Lookback: 20, EMA period: 20, ATR period: 14, Band multiplier: 2. You can change every setting on the live chart.
Can I use Median ATR Channel for free on TraderAI?
Yes. Every indicator in the library can be added to the free live chart. The free plan keeps up to 2 indicators active at the same time; Pro lets you combine more on one chart.
Educational content. Indicators describe past prices; they do not predict future prices and are not investment advice.