The ATR channels indicator is based on a moving average and ATR. Channels point down: downtrending market. Channels point up: uptrending market. You can modify the ATR period, moving average period and type.
Look for short signals near the middle channel in a downtrending market, vice versa, look for buy signals near the middle band in uptrending markets.
Download link: Click here to download the ATR Channels.mq4 indicator
ATR Channels Indicator Chart Example (EURUSD D1)
Platform: Metatrader 4
Indicator type: Trend