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averageofatr.mq5 (7.02 KB) view

averageofatr_htf.mq5 (10.59 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

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The AverageOfATR indicator with the timeframe selection option available in input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

The indicator requires AverageOfATR.mq5 indicator file. Add it to <terminal_data_folder>\MQL5\Indicators.

Fig.1. The AverageOfATR_HTF indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/15008

AverageOfATR

The average of ATR (AATR) is a simple but efficient indicator to use for confirmation with any Price Action strategy.

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A histogram of difference between ATR and its averaging implemented in color and complemented with the volatility change signals.

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AverageOfATR_HTF - indicator for MetaTrader 5