ATRPivot - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
ATRPivot takes into account the Average True Range (ATR) indicator when generating support and resistance levels.
The idea of this indicator is based on the ATR channel indicator code developed by Luis Guilherme Damiani.
The variants provided by this indicator allow to choose the smoothing algorithm displayed as a smooth line from ten possible variants:
It should be noted that the Phase parameter has completely different meanings for different smoothing algorithms.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the 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.
Attachment download
📎 atrpivot.mq5 (14.41 KB)
📎 xma.mq5 (7.12 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #496
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