at r with smoothing
Info
The at r with smoothing is a Indicator for MetaTrader 4 that this indicator is based on the true range which is the maximum of (high - low), abs(high - close[1]) and abs(low - close[1]), with abs being mathematical absolute. in order to get the first data, it calculates the true range value for a number of bars (which is the input length) and then calculates the sma of these values (which is the sum of all these values by the length - a simple average).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use at r with smoothing
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this indicator is based on the true range which is the maximum of (high - low), abs(high - close[1]) and abs(low - close[1]), with abs being mathematical absolute.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: camarilla alert with fibs - another powerful indicator for MetaTrader 4 traders.
this indicator is based on the true range which is the maximum of (high - low), abs(high - close[1]) and abs(low - close[1]), with abs being mathematical absolute.in order to get the first data, it calculates the true range value for a number of bars (which is the input length) and then calculates the sma of these values (which is the sum of all these values by the length - a simple average). this average is set as the first atr value.smoothing methods:rma: a coefficient alpha is defined as : alpha = 1/length. the calculation of rma is: rma = alpha * (true range value of this candle) + (1-alpha) * (last rma).sma: for each bar it calculates the simple average of the true range value for the defined number of bars (length). this mode is equal to the iatr value.ema: a coefficient alpha is defined as : alpha = 2/(1+length). the calculation of ema is: ema = alpha * (true range value of this candle) + (1-alpha) * (last ema).wma: for each bar it calculates the weighted average of the true range value for the defined number of bars (length) like this:sum = n * (tr[0]) + (n-1) * (tr[1]) + ... + 1 * (tr[n-1]); tr is true range value of the candlewma = sum / (n*(n+1)/2)
Also recommended: william r36 indicator with alert - similar indicator with strong performance on MetaTrader 4.
example: xauusd, h1rma
ema
sma
wma
You may also like: full bar with spread shadow indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.10"
#property strict
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_label1 "atr"
#property indicator_color1 clrblue
#property indicator_width1 2
enum smooting_mode.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.