Indicators: ATR Channels

[MetaQuotes]

ATR Channels:

ATR Channels Indicator.

Author: Collector

[[Deleted]]

can someone explain this indicator, how to use what does it mean hope to hear

[[Deleted]]

Avergae true range measures the volatility of the market.

Current ATR = [(Prior ATR x 13) + Current TR] / 14
  - Multiply the previous 14-day ATR by 13.
  - Add the most recent day's TR value. 

- Divide the total by 14

On the Chart the less Volatile market is as from Jul 9th to Jul12th, Jul 16th to July 19th...good for studies like what is the range where the market is mostly present and what is the most frequent behavior of the market, good for combining this with indicator and build an EA ...

[Saya pann]

Interesting! Does it repaint please? 

[Mohammed Abdulwadud Soubra]

good

[Bob]

Can you please convert this indicator to MT5?