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The volume based ATR indicator - indicator for MetaTrader 5
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- 13540
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- Published:
- 2018.03.01 11:28
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Custom ATR. The indicator values are calculated based on the current day's High-Low and current day's High - previous day's Close or current day's Low - previous day's Close.
There are three adjustable parameters:
- Period of indicator - indicator calculation period;
- Use volume - use volumes in calculations. If the parameter is set to "yes", then the current day's volume is added to the calculated minimum difference;
- Type of indicator - indicator drawing type, Line/Histogram.
Fig.1 Line, no volume
Fig.2 Histogram, no volume
Fig.3 Line with the volume
Fig.4 Histogram with the volume
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19791
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