The volume based ATR indicator - indicator for MetaTrader 5

The volume based ATR indicator – indicator MetaTrader 5

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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.

Fig.1 Line, no volume

Fig.2 Histogram, no volume

Fig.3 Line with the volume

Fig.4 Histogram with the volume


The volume based ATR indicator – indicator MetaTrader 5
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Alternative:  Cumulative_Volume - indicator MetaTrader 5

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