This study features two different ATR trail derivative concepts-Default one is called- "Silicone", and the alternative is called- "Mercurial. To decrease confusion during backtesting, trails plots with distinct color palette. Options include the ability to apply a smoothening filter that affects both modes as well as an adaptive/fixed mode for the "Silicone" trail. Parameters for trail dynamics/behavior is unlocked(!Parameters in publish version is far from optimized! Need serious testing! )
Candle Coloring reflects trail direction.
Feedback on optimal periods and multipliers is needed and appreciated
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Added Adaptive filter option for Mercurial Fixed Period Mercurial Adaptive Period Mercurial