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ATRStops_v1_HTF - indicator for MetaTrader 5

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votes: 24
2013.07.30 21:42
2016.11.22 07:32

A trend indicator implemented in the form of NRTR. The timeframe of the indicator is set in the input parameters of the indicator:

//| Input parameters of the indicator            |
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H6; // Chart period of the iSAR indicator
input uint   Length=10;                    // The indicator period
input uint   ATRPeriod=5;                  // The period of the ATR indicator
input double Kv=2.5;                       // Volatility by ATR
input int    Shift=0;                      // Horizontal shift of the indicator in bars

Average True Range is used for constructing a moving average.

Place the compiled file of the ATRStops_v1.ex5 indicator in terminal_data_folder\MQL5\Indicators. 

This indicator was first implemented in MQL4 and published in Code Base at on 07.04.2008. 

Figure 1. The ATRStops_v1_HTF indicator

Figure 1. The ATRStops_v1_HTF indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

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