Adaptive ATR - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
There is one more indicator in this series that is not usually adaptive: this is Metatrader 4's Adaptive ATR.
In addition to being adaptive, it has a bias - it calculates the average range (rather than the average true range). The difference is subtle but it's there. This means that unlike the average true range (which checks if there is a gap compared to the previous bar), this indicator calculates the average range from high to low. That's it. It's obvious from the previous description that it "ignores" gaps, so that only the "valid" range is calculated
Attachment download
📎 adaptive_atr.mq4 (8.26 KB)
Source: MQL5 #26396
Adaptive ATR - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Adaptive ATR - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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