ATR Dual - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
ATR Dual displays data from two ATR indicators with different averaging periods.
The averaging period is set in the parameters ATR "master" averaging period and ATR "slave" averaging period .
By default, the ATR "master" averaging period is 14 and is displayed as a dashed line, while the ATR "slave" averaging period is 1 and is displayed as a histogram.
How to interpret the indicator data of the current bar: If the histogram "slave" has started to approach the "master" line, it means that the volatility of the current bar differs significantly from the average ATR "master" period during the average period .
Attachment download
📎 atr_dual.mq5 (14.27 KB)
Source: MQL5 #22747
ATR Dual - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ATR Dual - MetaTrader 5 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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