Break_Lag_ATR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Slightly enhanced volatility indicator ( Diminished Total Reflection ) for the specified period.
A breakout is considered real if the bar formed exceeds the average true range (ATR). ABS (Close-Open) candlestick body size is displayed in the form of a histogram. Histogram green bars show volatility breakouts as histograms and can serve as signals for market entry/exit/position reversal or increase in position volume.
Attachment download
📎 break_lag_atr.mq5 (5.48 KB)
Source: MQL5 #703
Break_Lag_ATR - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Break_Lag_ATR - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script 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 only on titles or short-term profit descriptions.
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