ATR indicator based on trading volume - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources
Custom ATR. The indicator value is calculated based on the highest price of the day - the lowest price and the highest price of the day - the closing price of the previous day or the lowest price of the day - the closing price of the previous day.
There are three tunable parameters:
Figure 1 Line, no volume
Figure 2 Histogram, no volume
Figure 3 Line vs. Volume
Figure 4 Volume histogram
Attachment download
📎vatr.mq5 (3.97 KB)
Source: MQL5 #19791
ATR indicator based on trading volume - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
ATR indicator based on trading volume - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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