ATR for Level Trading

3

Custom ATR Indicator for Horizontal Levels Trading

The Custom ATR Indicator is a powerful tool designed for traders who rely on horizontal levels and understand the importance of the Average True Range (ATR) in making informed trading decisions. This indicator calculates the ATR based on a customizable number of bars, filters out abnormal bars (too large or too small), and provides clear visualizations of key data, including ATR values, Stop Loss levels, and price movement percentages.

Key Features:

  • Customizable ATR Calculation:
    The indicator allows you to set the number of bars ( Period ) used for ATR calculation, ensuring flexibility for different trading strategies.

  • Abnormal Bar Filtering:
    It automatically filters out bars that are abnormally large or small, providing a more accurate ATR value.

  • Stop Loss Calculation:
    Determines the number of pips for Stop Loss based on the ATR percentage, helping to manage risks effectively.

  • Price Movement Percentage:
    It shows the percentage of price movement relative to the ATR, giving you insights into market volatility.

  • User-Friendly Display:
    All calculations are displayed in a clear and concise table on the chart, making it easy to interpret the data.

Input Parameters:

  • Period:
    The number of bars used to calculate the ATR. Increasing this value (e.g., to 7 bars) can provide a more accurate result, especially in volatile markets.

  • Abnormally Large Bar (%):
    Filters out bars that are larger than the specified percentage of the average range.

  • Abnormally Small Bar (%):
    Filters out bars that are smaller than the specified percentage of the average range.

  • Stop Loss (% of ATR):
    The percentage of ATR used to calculate the number of pips for Stop Loss.

  • Text Color and Background Color:
    Customize the appearance of the indicator to match your chart style.

  • Display Options:
    Choose whether to show ATR calculations, Stop Loss levels, and position sizing.


Why Use This Indicator?

  • Precision in Horizontal Level Trading:
    This indicator is ideal for traders who focus on horizontal levels and need a reliable ATR calculation to identify key support and resistance zones.

  • Risk Management:
    By providing accurate Stop Loss levels based on ATR, it helps you manage risk more effectively.

  • Adaptability:
    The customizable settings allow you to adapt the indicator to different market conditions and trading styles.

Note on Accuracy:

The indicator may have a slight margin of error, usually on the lower side. Increasing the calculation range (e.g., to 7 bars) can provide a more accurate result, especially in trending or highly volatile markets.

Who Is This Indicator For?

This indicator is specifically designed for traders who:

  • Trade using horizontal levels.

  • Understand the role of ATR in trading decisions.

  • Need a clear and concise tool to calculate ATR, Stop Loss, and price movement percentages.

How to Use:

  1. Attach the indicator to your chart.

  2. Configure the input parameters according to your trading strategy.

  3. Use the displayed ATR, Stop Loss, and price movement data to make informed trading decisions.

Disclaimer:

While the Custom ATR Indicator provides accurate calculations, it is essential to remember that no indicator is 100% foolproof. Always combine it with other analysis tools and risk management strategies for the best results.


Reviews 5
Irusel
794
Irusel 2025.11.10 18:43 
 

super

Stortale
121
Stortale 2025.03.07 12:16 
 

Спасибо!!! Это отличный индикатор! Гораздо более удобный и точный чем высчитывать ATR вручную как я делал раньше. Жаль нельзя сюда кинуть скриншоты. Три входа уже принесли прибыль, четвертый в процессе. За минуту накидал файл в экселе, теперь ввожу цену, ATR, стоплосс и мгновенно получаю результат. Мега удобно, мои наилучшие реккомендации! Ах да: С.У.

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Power Candles V3 - Self-Optimizing Strength Indicator Power Candles V3 turns currency and instrument strength into an actionable trade plan on every chart it is attached to. Instead of just coloring candles, it runs a live auto-optimization in the background and hands you the best Stop Loss, Take Profit and signal threshold for the symbol in front of you. One click adopts it for live trading - entry, Stop Loss and Take Profit rays appear on the chart at the exact prices, and alerts fire with dir
CRT Candle Range Theory HTF MT5.   Ultimate CRT Indicator: Advanced ICT Concepts and Malaysian SnR Trading System Master the Market Maker's Footprints with the Most Advanced Candle Range Theory Indicator Unlock the true power of  Smart Money Concepts (SMC)  and trade precisely like the institutions with the  Ultimate CRT Indicator . Built exclusively for serious traders, this indicator automates the highly effective  Candle Range Theory (CRT) , a core pillar of  ICT Concepts (Inner Circle Trader
FX Trend MT5 NG
Daniel Stein
5 (6)
FX Trend NG: The Next Generation Multi-Market Trend Intelligence Overview FX Trend NG is a professional multi-timeframe trend and market monitoring tool designed to give you a complete structural overview of the market in seconds. Instead of switching between dozens of charts, you instantly see which symbols are trending, where momentum is fading, and where strong alignment exists across timeframes. This tool is part of the Stein Investments ecosystem - 18+ tools plus Max, your 1-on-1 AI tradi
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Mginchanin
14
Mginchanin 2026.05.16 21:30 
 

User didn't leave any comment to the rating

Irusel
794
Irusel 2025.11.10 18:43 
 

super

Aleksandr Maslov
120
Aleksandr Maslov 2025.04.13 18:14 
 

не работает в live режиме

Oleksandr Nekrylov
336
Reply from developer Oleksandr Nekrylov 2025.07.28 16:58
Исправлено в версии 1.20, однако он не должен был работать в лайв режиме, чтобы не нагружать систему, этот кастомный АТР рассчитан на торговлю от уровней и определение среднедневного запаса хода до уровня, чтобы понимать, помещается ли тейк в этот диапазон.
Oluwaseyi Olakojo
297
Oluwaseyi Olakojo 2025.04.02 20:27 
 

I may change the review only if the author could please amend what I want to point out here: this indicator looks promising, and it would be fantastic if the author could adjust it. This indicator does not update itself automatically until you switch the timeframe or refresh the chart.

Oleksandr Nekrylov
336
Reply from developer Oleksandr Nekrylov 2025.07.28 17:01
Hello, now the ATR will be updated in real time, and you can also select the update frequency. Thank you for your feedback.
Stortale
121
Stortale 2025.03.07 12:16 
 

Спасибо!!! Это отличный индикатор! Гораздо более удобный и точный чем высчитывать ATR вручную как я делал раньше. Жаль нельзя сюда кинуть скриншоты. Три входа уже принесли прибыль, четвертый в процессе. За минуту накидал файл в экселе, теперь ввожу цену, ATR, стоплосс и мгновенно получаю результат. Мега удобно, мои наилучшие реккомендации! Ах да: С.У.

Oleksandr Nekrylov
336
Reply from developer Oleksandr Nekrylov 2025.07.28 17:03
Thank you!
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