Smooth ATR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
ATR (Average True Range) is calculated as the average of the true ranges. The average used for this purpose is the simple moving average. This means that all the benefits and disadvantages typically associated with a simple moving average are also built into ATR.
This is a version that uses JMA smoothing instead of the simple moving average portion of the ATR calculation. This enables ATR to respond more smoothly and quickly to rapid market changes
Attachment download
📎 smooth_atr.mq5 (10.58 KB)
Source: MQL5 #21958
Smooth ATR - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Smooth ATR - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script 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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