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Views:: 5402
Rating:: (12)
Published:: 2018.08.23 11:40

ATR_Volatility.mq5 (10.76 KB) view

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The indicator shows when the ATR value is higher/lower, or is within the set values of two levels - minimum and maximum ones.

The levels can be specified in points as well as in percentage relative to the minimum and maximum values of ATR in a given range of bars.

There are five inputs:

ATR period
Higher level
Lower level
Calculation mode

In points
In percents

Maximum bars - range of bars for calculating levels in % of maximum and minimum ATR within the range

The indicator histogram columns are painted in three colors depending on the ATR value:

Below the lower level - red
Above the upper level - green
Within the levels - blue

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21405

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ATR_Volatility - indicator for MetaTrader 5