XATR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Real author:

Sovpel Alexander

The Average True Volatility indicator replaces the averaging algorithm. The final indicator displays indicator results in points!

The indicator was first implemented in MQL4 and released in the code base on September 25, 2009.

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

Figure 1 XATR indicator

Attachment download

📎 smoothalgorithms.mqh (133.8 KB)

📎xatr.mq5 (6.12 KB)

Source: MQL5 #1261