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2016.01.20 10:24
AtrRange

AtrRange - indicator for MetaTrader 5

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735
Rating:
votes: 12
atrrange.mq5 (11.98 KB)view

Real author:

raxxla

Description:

The indicator, that determines the moments of the lowest volatility.

For manual trading — wait for the signal on the hourly chart (red, blue or yellow marks) and place breakout orders in both directions.

After a period of low volatility there is usually an impulse, which should be used. In 50% of cases the impulse is preceded by a false breakout in the opposite direction, therefore it is necessary to provide a possibility to revert after a stop triggers.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 06.05.2015.

Image:

Figure 1. The AtrRange indicator

Figure 1. The AtrRange indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14398

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