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Simple ATR modern

Indicator Simple ATR Modern

It is used in technical analysis to measure market volatility and show it as a level that is more understandable to the eye and not as an oscillator.

ATR Daily - Blue


The possibilities of using the ATR in trade can be found in the internet.

It can also be used in conjunction with another author's indicator Volatility Vision


🟢The Average True Range indicator measures market volatility. Volatility can be low while the market is growing (and vice versa).

🟢It is usually derived from a 14-day simple moving average series of true range indicators.

🟢ATR can be used to enter and exit trades and is a useful tool to add to a trading system.

🟢ATR is commonly used as an exit method that can be applied regardless of how the entry decision is made.

🟢One popular technique for getting out of a position during a trend change, known as "chandelier exit", was developed by Chuck LeBeau and is based on ATR values.




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Version 1.2 2023.08.26
In the 1.2 version of the MQL5 indicator, the following changes were made to enhance its functionality and usability:

Removal of "shift" Argument: The "shift" argument was removed from the indicator, simplifying its usage and reducing potential confusion for users.

Addition of Two Expert-Related Arguments: Two new arguments were introduced to facilitate the use of the indicator in conjunction with an expert advisor (EA). These additional arguments likely help the EA to interact more effectively with the indicator's signals.