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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2014.08.06 15:06
- Updated:
- 2023.03.29 13:45
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The ATR_Normalize indicator with the timeframe selection option available in input parameters:
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe)
To provide correct operation of the indicator, place the compiled ATR_Normalize.mq5 indicator file in terminal_data_folder\MQL5\Indicators.
Figure 1. Indicator ATR_Normalize_HTF
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/11337

A normalized true range by Larry Williams.

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A colored cloud using two consecutive averages of the price series.