ATR used in Pair Power Trading

ATR used in Pair Power Trading

19 March 2019, 13:45
Ziheng Zhuang
0
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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

atr28


Updated 2019-3-20  New version 2.0 

Files:
ATR28.ex4 25 kb
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