Volty Channel Stop Loss - Smoothed ATR - MetaTrader 5 Script - MT4/MT5 Resources
One of the indicators calculated using ATR is also the Volty Channel Stop indicator (a version is published here: Volty Channel Stop )
This version replaces regular ATR with smoothed ATR in channel calculations. It makes stops "faster" when market conditions change compared to "regular" ATR
Attachment download
📎 volty_channel_stops_-_smooth_atr.mq5 (20.86 KB)
Source: MQL5 #21960
Volty Channel Stop Loss - Smoothed ATR - MetaTrader 5 script usage and screening suggestions
Volty Channel Stop Loss - Smoothed ATR - 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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