Metatrader 5 Indicators | ATRStops_v1_HTF | MQL5 Release

Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.

A trend indicator implemented in the form of NRTR. The timeframe of the indicator is set in the input parameters of the indicator:

//+----------------------------------------------+
//| Input parameters of the indicator            |
//+----------------------------------------------+
input ENUM_TIMEFRAMES TimeFrame=PERIOD_H6; // Chart period of the iSAR indicator
input uint   Length=10;                    // The indicator period
input uint   ATRPeriod=5;                  // The period of the ATR indicator
input double Kv=2.5;                       // Volatility by ATR
input int    Shift=0;                      // Horizontal shift of the indicator in bars

Average True Range is used for constructing a moving average.

Place the compiled file of the ATRStops_v1.ex5 indicator in terminal_data_folder\MQL5\Indicators.

Trade the powerful Traders Dynamic Index strategy automatically with this dedicated TDI Expert Advisor. More details.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 07.04.2008.

Figure 1. The ATRStops_v1_HTF indicator

Complement community code with advanced automation from RobotFX.

1766

Best MetaTrader Indicators + Profitable Expert Advisors