Rojeryo ATR Scalper Widget
- Indicatori
- Versione: 1.1
Rojeryo ATR Scalper Widget is a lightweight MetaTrader 5 indicator that displays an ATR-based risk widget directly on the chart.
The indicator shows the current ATR value and calculates estimated Stop Loss and Take Profit distances using the selected ATR multiplier and Risk/Reward ratio.
It is designed for traders who want a simple on-chart risk reference without opening additional windows.
Main Features
- ATR value display
- Configurable ATR timeframe
- Configurable ATR period
- Estimated Stop Loss distance based on ATR multiplier
- Estimated Take Profit distance based on Risk/Reward ratio
- Optional point-based display
- High ATR warning mode
- Customizable widget colors, size and position
- Lightweight chart panel
How It Works
The indicator reads the ATR value from the selected timeframe and period.
Based on the ATR value, it calculates:
- estimated Stop Loss distance using the selected ATR multiplier
- estimated Take Profit distance using the selected Risk/Reward ratio
The results are displayed inside a compact chart widget.
Important Notes
This is an informational indicator only.
It does not open trades.
It does not close trades.
It does not manage positions.
It does not guarantee profit.
The widget is designed to help traders estimate volatility-based Stop Loss and Take Profit distances during manual analysis.
Input Parameters
ATR Settings
InpAtrTimeframe:
Timeframe used for ATR calculation.
InpAtrPeriod:
ATR calculation period.
InpShowInPoints:
If enabled, ATR values are displayed in points.
Risk Model
InpStopAtrMultiplier:
ATR multiplier used for estimated Stop Loss distance.
InpRewardRatio:
Risk/Reward ratio used for estimated Take Profit distance.
InpHighAtrRedFrom:
If ATR points are above this value, the widget changes to warning colors.
Widget Style
InpCorner:
Widget anchor corner.
InpXOffset:
Horizontal offset.
InpYOffset:
Vertical offset.
InpWidth:
Widget width.
InpHeight:
Widget height.
InpRightPadding:
Additional right padding.
InpBottomPadding:
Additional bottom padding.
InpBgColor:
Normal background color.
InpBorderColor:
Normal border color.
InpBorderWidth:
Border width.
InpWarningBgColor:
Warning background color.
InpWarningBorderColor:
Warning border color.
InpTitleColor:
Title color.
InpTextColor:
Text color.
InpValueColor:
Value color.
InpFontSize:
Font size.
InpFontName:
Font name.
Recommended Use
Attach the indicator to the chart, choose the ATR timeframe and ATR period, then adjust the ATR multiplier and Reward Ratio according to your strategy.
The widget will update automatically and display current ATR-based reference values on the chart.
