ATR to Baseline MT4

This indicator creates a channel relative to other chart indicator: indicator + ATR and indicator - ATR. Useful to know if price has gone up too far of your baseline. The ATR levels can be adjusted with a multiplier.

This version has more complexity than its MT5 counterpart to avoid some of the MT4 limitations: you need to introduce your baseline's name, parameters (in a string separated with commas), and buffer. Make sure that your baseline has all necessary values in one only buffer (or you might need to put more than one instance).

• String parameters on the baseline are not supported, default value would always be used no matter what value is introduced.
• For enumerators use their position (starting from 0, for most of them). For example with MA modes: sma=0; ema=1; smma=2; lwma=3
  

As an advantage, this indicator also displays the original baseline so you would have all 3 lines in the same indicator. You can access MT4 native indicators with special name tags: in this case the useful ones would be "<MA>" and "<ICHIMOKU>" (for kijun-sen). There are more available but they wouldn't make much sense in charts (probably you can also get something out of bollinger bands: <BB>).

There is also a version for MT5