Market / MetaTrader 5 / Indicators /

ATR Bot

30 USD

Demo downloaded: 8

Published: 20 July 2025

Current version: 1.0

ATR Bot

Indicators
Francois Phillipus Van Niekerk
Francois Phillipus Van Niekerk
South Africa

788
5 (1)
7 products
Version: 1.0
Activations: 10

How ATR Bot Works

Tracks Market Trends with Precision: ATR Bot leverages the Average True Range (ATR) to calculate a dynamic Trailing Stop, continuously adapting to market volatility. This ensures you always have a clear view of key support and resistance levels, helping you stay ahead of price movements.
Delivers Clear Trading Signals: The indicator generates vivid green arrows for optimal buy opportunities and striking red arrows for sell signals, triggered when the price crosses the ATR Trailing Stop. These visual cues make it easy to time your entries and exits with confidence.
Highlights High-Probability Patterns: Candlesticks transform into a spectrum of colors to spotlight various market patterns, empowering you to identify critical turning points. It detects:
- Hammer (Lime): A bullish reversal after a downtrend, with a long lower wick and small upper wick.
- Hanging Man (Orange): A bearish reversal after an uptrend, mirroring the Hammer’s shape.
- Doji (Cyan): An indecision candle with a tiny body, signaling potential breakouts in either direction.
- Bullish Engulfing (White): A strong bullish reversal where a large bullish candle engulfs the prior bearish one.
- Bearish Engulfing (Deep Pink): A strong bearish reversal where a large bearish candle engulfs the prior bullish one.
- Morning Star (White): A three-candle bullish reversal pattern after a downtrend.
- Evening Star (Deep Pink): A three-candle bearish reversal pattern after an uptrend. Additionally, it highlights no-wick candles (Yellow) for unique market conditions.
Offers Tailored Flexibility: Customize ATR Bot to suit your trading style by adjusting sensitivity, ATR periods, and smoothing options. Toggle Heikin Ashi candles for a smoother trend view or enable smoothed ATR for refined volatility analysis, giving you full control over your strategy.

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ATR Bot

Francois Phillipus Van Niekerk

How ATR Bot Works