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AATR.mq5 (7.95 KB) view

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Oscillator Average Average True Range is standard smoothed ATR represented as a colored histogram.

Growing values are drawn in green, the falling ones are in red.

It has two configurable parameters:

Calculations:

AATR = SMA(ATR, Smoothing period)

where:

ATR - standard ATR to be calculated over the "ATR period"

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21313

A channel formed by two moving averages AbsolutelyNoLagLwma based on averaged High and Low timeseries

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AATR - indicator for MetaTrader 5