Relative ATR - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
ATR is a great tool. However, it cannot be used as a volatility indicator. I'm limiting it to a range of 0 - 100% and comparing it to the previous X days so I can compare.
Attachment download
📎 relativeatr.mq4 (4.01 KB)
Source: MQL5 #26020
Relative ATR - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Relative 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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