The indicator ATR28 is attached at the end of this post.
1.ATR is average true range. it is useful as SL/TP.
2. The ATR in Pair Power Trading is built-in EA,the parameters are the prievious day,20 periods.
Now I provide a indicator for showing all 28 pairs ATR on chart.
Download it and go to MT4 menu, file --> Data folder ---> MQL4\Indicators folders,save the ATR28 in the folder,and restart the MT4.
Inputs:
- Pair Suffix --- input the suffix of pair if there is a suffix.
- ATR TimeFrame --- ATR time frame, the default is D1
- ATR Periods --- ATR periods ,the default is 20
- Shift=1 --- ATR shift, 1 means the previous bar, 0 means the current bar.
- AtrMultiplier1 = 0.8 -- ATR multiplier 1
- AtrMultiplier2 = 0.6 -- ATR multiplier 3
- AtrMultiplier3 = 0.4 -- ATR multiplier 3
Now the below screenshort says ATR28(D1,20,1) 0.8, 0.6, 0.4
EURUSD ATR,ATR multiplier1,ATR multiplier2, and ATR multiplier3 are 0.00560,0.00448,0.00336,0.00224 respectively.
ATR = 0.00560
ATR*0.8 = 0.00448
ATR*0.6 = 0.00336
ATR*0.4 = 0.00224
Updated 2019-3-20 New version 2.0
Files:
ATR28.ex4
25 kb
