NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #2246 - MT4/MT5 Resources
Collector ( https://www.mql5.com/en/code/9217 )
Indicator codes are "literal" translations from MQL4 to MQL5.
In general, this indicator can be used to identify trends on high timeframes (daily, weekly), as well as receive short-term alerts on volatility breakouts on small timeframes (hourly, 4-hour). Day traders and small TF fans may also like this indicator.
Unfortunately, the screenshot at the recommended resolution (750x500) does not show all the advantages; however, the indicator provides the required information in a convenient way.
Attachment download
📎 nrtr_atr_stop.mq5 (4.4 KB)
Source: MQL5 #2246
NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #2246 Usage and Filtering Advice
NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #2246 is a resource related to foreign exchange indicators. 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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