ATR Range Indicator
- Indicatori
- Denis Kislicyn
- Versione: 1.0
ATRRange-MT5-Ind — an indicator for MetaTrader 5 that builds volatility channels based on ATR with three multiplier levels.
Indicator:
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Calculates ATR — uses the standard Average True Range
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Draws three channels around the closing price:
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Top1/Bottom1 (blue) — Close ± ATR × Multi1
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Top2/Bottom2 (orange) — Close ± ATR × Multi2
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Top3/Bottom3 (red) — Close ± ATR × Multi3
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Dynamic levels — channels automatically expand/contract depending on volatility
Parameters
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ATR Period: ATR period
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Default: 14
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Multi1: Multiplier for the first channel
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Default: 1.0
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Multi2: Multiplier for the second channel
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Default: 2.0
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Multi3: Multiplier for the third channel
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Default: 3.0
