Buy and Sell ATR

3

Buy and Sell ATR Indicator updated version 1.2 (2026)

ATR-based trend indicator with visual signals, dynamic support/resistance, and TP/SL levels.

This indicator identifies market trends using an ATR channel and displays clear Buy and Sell signals. 

It draws a dynamic trend line that changes color (green for uptrend, red for downtrend), shows arrows for entries, and plots the latest Take Profit and Stop Loss levels directly on the chart.

Detailed Description in the comments post 2.

Set files in post 5.

Support and questions via MQL5 product comments

For questions, updates, and to connect with other traders, join my official MQL5 group ForexEAandMore


Key Features:

  • ATR channel with user-defined multiplier
  • Multi-candle confirmation (3 by default)
  • RSI confirmation option
  • Dynamic flat market detection
  • Automatic Take Profit and Stop Loss lines (only the latest signal is shown to keep the chart clean)
  • Professional on-chart dashboard with current signal, entry, TP, SL, ATR, RSI, trend, and market state
  • Full compatibility with Expert Advisors via configurable buffer numbers
  • Customizable arrows and colors

Parameters:

  • ATR Period, ATR Multiplier, Candle Shift
  • Average ATR Period, Flat Threshold Fraction
  • RSI Period, RSI Buy/Sell Levels, Use RSI Confirmation
  • Buy/Sell Arrow Code and Color
  • TP and SL Multipliers
  • Enable Alerts, Notifications, Sound
  • Display panel position and other settings

Recommended Timeframes: M5, M15, M30, H1 Recommended Symbols: Any major forex pairs, gold (XAUUSD), and indices

The indicator works on all timeframes and symbols. It is designed for both manual trading and use as a signal source for Expert Advisors.

Important: Past performance does not guarantee future results. Always test the indicator on a demo account before using it on a live account.


Note!

This Indicator uses setfiles to make the signals more accurate for each timeframe and currency pair.

Switching between timeframes is not helpful for the signals.

If you trade on different timeframes, run the indicator on different charts.

Make your own settings for each time frame and pair to reach the best traiding signals.

The loading of the indicator needs some seconds because of the signal calculation. You can see the calculation in the Display.

Instruction and setfiles can be found  in in my Blog: https://www.mql5.com/en/blogs/post/761278

Setfiles for vers 1.2 also in comments post 3.


Disclaimer

This indicator is provided for informational purposes only and does not constitute financial advice. Past performance calculated using historical data does not guarantee future results, and trading involves risk of loss. Always test the product in a demo account, combine it with appropriate risk management, and consult a professional advisor if necessary. The developer assumes no liability for any trading decisions made based on this tool. Translations are available via MQL5 tools for global accessibility.







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50712345 2025.10.19 05:20 
 

it clutters the chart and is a laggard . Useless

Marco Engstermann
16491
Réponse du développeur Marco Engstermann 2026.05.13 13:14
Hello, here is the updated version 1.2
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