ATR Index - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Index Average True Range reduces lag by placing greater weight on recent prices.
The weight applied to the latest price depends on the number of periods.
The calculation is exactly the same as for the exponential moving average.
Attachment download
📎 ATR_exponential.mq4 (2.38 KB)
Source: MQL5 #10452
ATR Index - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
ATR Index - MetaTrader 4 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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