AverageOfATR_Histogram - MetaTrader 5 Script - MT4/MT5 Resource

A histogram of the difference between ATR and its mean value is implemented in color and complements the volatility change signal. When the ATR is above its average, the histogram is yellow; otherwise, it is dark blue.

The confirmation rule is simple: if the ATR line crosses its average line from bottom to top, you should analyze the price trend or open a position based on your signal. In this case, pink stars appear on the histogram. When the ATR line crosses its mean value from top to bottom and volatility decreases, a blue circle will appear on the histogram.

For more convenient display, this indicator is implemented in the form of a histogram. The yellow color of the indicator indicates that the ATR is above its average, and the indicator displays dark blue when the ATR is below its average.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally written in MQL4 and first published in the code base on January 4, 2016.

Figure 1. AverageOfATR_Histogram indicator

Attachment download

📎 averageofatr_histogram.mq5 (9.62 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #15009

AverageOfATR_Histogram - Important points before using the MetaTrader 5 script

This page has been supplemented with structured instructions, focusing on the purpose of trading scripts, MT4/MT5 platform compatibility, testing procedures and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen trading scripts and are willing to do simulation verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around AverageOfATR_Histogram - MetaTrader 5 script . Related search terms include: trading script, MT4 script, MT5 script. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.