AtrRange - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This indicator determines the moments of lowest volatility.
For manual trading — wait for a signal on the hourly chart (red, blue or yellow mark) and place a breakout order in both directions.
After a period of low volatility, there is usually an impulse that should be taken advantage of. In 50% of cases, the impulse is preceded by a false breakout in the opposite direction, so it is necessary to provide the possibility of recovery after the stop loss is triggered.
The indicator was originally written in MQL4 and first published in the code base on May 6, 2015.
Figure 1. AtrRange indicator
Attachment download
📎 atrrange.mq5 (11.98 KB)
Source: MQL5 #14398
AtrRange - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
AtrRange - 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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