this is my new smoothed multi-timeframe version of Average True Range (ATR) indicator.
This is volatility indicator used in technical analysis.
The what’s new to original one:
I added here multiple timeframe support so you can see higher timeframe on current chart.
Parameters to smooth the indicator to reduce noise.
Additional signal line that work as signals filter.
Alerts with arrows so you can use your time more effective.
TimeFrame – timeframe of indicator (current by default)
ATRPeriod – period of atr in bars
SignalPeriod – period of signal moving average
Price – price type
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
ArrowsOnChart – enable draw arrows on price chart
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone
ATRHigh_ArrowColor – color of arrows on high atr
ATRLow_ArrowColor – color of arrows on low atr
Arrows_Width – width of signal arrows
ATR_Line – color of ATR Line
SIGNAL_Line – color of signal line
This indicator will notify you about increasing or decreasing volatility to catch better moment to open or close your trades according your trading strategy.
PRO TIP :
You can get a signal from a combination of indicators.
Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/
How to install :
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address
How to find Data folder :
in the terminal click File menu – Open Data Folder