VR Atr pro Lite MT5 - MetaTrader 5 Script - MetaTrader 5 Resources
This indicator calculates price movement potential and shows traders the level at which price loses strength or simply becomes weaker.
This information gives you an idea of whether the trade is reasonable and whether the currency is strong enough to move forward, and helps you determine reasonable levels within which to set your own stop loss and take profit levels.
The lighter version draws a blue rectangle. The upper level of the rectangle is the upper level of price strength; if this level is reached, price is likely to weaken. For fur buying positions, it is best to place your take profit below the upper level. For a sell position, you'd better place your stop loss above this level.
This is a lightweight, main demo version of the VR Atr Pro indicator available on the market
Attachment download
📎 vr_atr_pro_lite.mq5 (16.87 KB)
Source: MQL5 #21149
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