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MetaTrader 5 Indicator | The volume based ATR indicator

Custom ATR. The indicator values are calculated based on the current day's High-Low and current day's High - previous day's Close or current day's Low - previous day's Close.

There are three adjustable parameters:

  • Period of indicator - indicator calculation period;
  • Use volume - use volumes in calculations. If the parameter is set to "yes", then the current day's volume is added to the calculated minimum difference;
  • Type of indicator - indicator drawing type, Line/Histogram.

MetaTrader Experts, Indicators, Scripts and Libraries

Fig.1 Line, no volume

MetaTrader Experts, Indicators, Scripts and Libraries

Fig.2 Histogram, no volume

MetaTrader Experts, Indicators, Scripts and Libraries

Fig.3 Line with the volume

MetaTrader Experts, Indicators, Scripts and Libraries

Fig.4 Histogram with the volume

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