ATR Cycle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator is a volatility filter based on:
This indicator is indeed not predicting directional deviation in price.
This indicator only shows where volatility is high enough (at the peak) for swing trading, or where volatility is low enough (below the peak) for range scalping.
Attachment download
📎 ATR_Cycles.mq5 (12.92 KB)
Source: MQL5 #65801
ATR Cycle - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
ATR Cycle - 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 on titles or short-term profit descriptions.
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