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ATR level MT4

Modification of the ATR indicator.

The following changes have been made:

  1. Calculation is performed in a relative scale, and not absolute;
  2. Data for volatility calculation are obtained not by simple averaging, but using weighed averaging;
  3. The maximum and minimum boundaries of the volatility for the specified period are displayed;
  4. Introduces areas of high and low volatility.


Input parameters

  1. ATR Period - period for the indicator calculation;
  2. ATR Range - period for calculation of the maximum and minimum boundaries;
  3. High volatility - percentage level, when exceeded, the volatility is considered to be high;
  4. Low volatility - percentage level, when exceeded, the volatility is considered to be low;
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