Adaptive ATR - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Average True Range (ATR) is a widely used indicator on many occasions. It is calculated as the SMA (Simple Moving Average) of the true range (calculated as follows: current high minus the current low, the absolute value of the current high minus the previous closing price, the absolute value of the current low minus the previous closing price).
This version adds a "twist": it uses Perry Kaufman's efficiency ratio to calculate the adaptive true range
The usage is the same as usual ATR
Attachment download
📎 adaptive_atr.mq5 (6.85 KB)
Source: MQL5 #23852
Adaptive ATR - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Adaptive ATR - 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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