ATR MA Oscillator
Info
The ATR MA Oscillator is a Indicator for MetaTrader 4 that oscillator of the osma type, adapted for the atr oscillator. This indicator serves as an additional signal (crossing 0) to exit positions with maximum profit.
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 ATR MA Oscillator
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
Oscillator of the OSMA type, adapted for the ATR Oscillator.
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: Zero Lag Stochastic Oscillator (True) - another powerful indicator for MetaTrader 4 traders.
Oscillator of the OSMA type, adapted for the ATR Oscillator. This indicator serves as an additional signal (crossing 0) to exit positions with maximum profit.Also recommended: stochastic oscillator - similar indicator with strong performance on MetaTrader 4.
Features:
- Normalized for the current state of the EURUSD H4.
- Customizable ATR and signal line periods.
- Adjustable calculation methods for moving averages of ATR and signal line.
This tool provides traders with a versatile approach to profit maximization, offering flexibility in adapting to market conditions.
You may also like: moving average of oscillator (osma) - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 dodgerblue
#property indicator_width1 2
extern int atrperiod=112;
extern int signalsma=109;
extern int type_ma_atr=2;
extern int type_ma=2;
double atrbuffer[];
double tempbuffer[];.......
⚠ 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.