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2012.01.20 11:21
Break_Lag_ATR

Break_Lag_ATR - indicator for MetaTrader 5

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Description:

A bit enhanced volatility indicator (ATR) for a specified period.

A breakout is deemed to be genuine, if the body of a formed bar exceeds average true range (ATR). ABS (Close-Open) candlesticks body size is displayed as a histogram. Histogram green columns show volatility breakout as a histogram and can serve as signals for market entry/exit/position reversal or position volume increasing.

Image:

Break_Lag_ATR

Translated from Russian by MetaQuotes Software Corp.
Original code: http://www.mql5.com/ru/code/703