Envelope ATR MT5 - MetaTrader 5 Script | Forex Indicator Download - MetaTrader 5 Resources
This is a modified envelope indicator that measures price deviation. It shows the upper and lower boundaries of the МА price deviation calculated based on the ATR indicator taking into account the average volatility of the symbol.
Deviations can be displayed simultaneously as ATR deviation and standard МА deviation.
This indicator was created at the request of a user of Balu V as part of the development proposals for free indicators in this topic (in Russian). MetaTrader 5 version.
Attachment download
📎 envelopesatr.mq5 (6.74 KB)
Source: MQL5 #16594
Envelope ATR MT5 - MetaTrader 5 script | Forex indicator download - MetaTrader 5 resource usage and screening suggestions
Envelope ATR MT5 - MetaTrader 5 Script | Foreign Exchange Indicator Download - MetaTrader 5 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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