ATR Probability Level - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Probability level based on ATR. "Probability" is calculated based on the forecast's average true range and the previous period's closing price.
The daily period is used by default, but any time frame supported by MetaTrader 5 can be used.
Attachment download
📎 atr_probability_levels.mq5 (10.56 KB)
Source: MQL5 #19905
ATR Probability Level - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
ATR Probability Level - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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