Adaptive ATR Keltner Channel - MetaTrader 5 Script - MT4/MT5 Resources
This indicator shows an example of Adaptive ATR (originally published here: Adaptive ATR ) which can be used in a number of other indicators. It uses the original Ketner channel calculation (the middle line is SMA - Simple Moving Average) and the channel uses adaptive ATR (this is a deviation from the original Keltner channel as it uses "regular" ATR)
It is used in a similar way to the original Keltner channel...
Attachment download
📎 adaptive_atr_keltner_channel.mq5 (12.44 KB)
Source: MQL5 #23854
Adaptive ATR Keltner Channel - MetaTrader 5 script usage and screening recommendations
Adaptive ATR Keltner Channel - MetaTrader 5 script is a resource related to Forex indicators. 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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