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Average Hourly Range

This script shows you the average hourly range of the currency pair.

With this piece of statistics, you can:

  • clearly identify the volatile and low volatile period;
  • greatly enhance your trading system TP and SL levels.

How does it compares to ATR

  • ATR calculates its values based on the previous bars and it lags.
  • AHR calculates its values based on the history hours.

A CSV file with the data is saved in the MQL5\Files folder with the name [Symbol name]_AHR.csv

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Version 1.10 - 2013.07.04
- Rename "Pips" to "Range".
- Added Body size of hourly candle.