ATR Pivot Indicator for Support and Resistance Levels
Info
The ATR Pivot Indicator for Support and Resistance Levels is a Indicator for MetaTrader 5 that atr pivot generates support and resistance levels using an indicator. The idea for this indicator is based on code developed by Luis Guilherme Damiani.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ATR Pivot Indicator for Support and Resistance Levels
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
ATR Pivot generates support and resistance levels using an indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.
ATR Pivot generates support and resistance levels using an indicator.Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
The idea for this indicator is based on code developed by Luis Guilherme Damiani.
The presented variant allows you to select from ten smoothing algorithms for the displayed smoothing line:
- Simple Moving Average
- Exponential Moving Average
- Smoothed Moving Average
- Linear Weighted Moving Average
- JMA Adaptive Average
- Ultralinear Smoothing
- Parabolic Smoothing
- Tillson's Multiple Exponential Smoothing
- Smoothing using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm
It is important to note that the 'phase' parameter has a different meaning for different smoothing algorithms.
For JMA, it is an external phase variable ranging from -100 to +100.
For T3, it is a smoothing ratio multiplied by 100 for better visualization.
For VIDYA, it is a CMO period.
For AMA, it is a slow EMA period.
For AMA, the fast EMA period is a fixed value of 2 by default. The ratio of raising to the power is also 2 for AMA.
The indicator utilizes the SmoothAlgorithms.mqh library classes, which must be copied to the terminal_data_folder\mql5\include directory. The usage of these classes was thoroughly described in an article published in 2026.
You may also like: Session High-Low Indicator for MetaTrader - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*|place he file *smoothalgorithms.mqh |
/*|in the directory: terminal_data_folder\mql5\include, |
/*|and also place *xma.mq5 file in the directory: |
/*|terminal_data_folder\mql5\indicators |
*/
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_chart_window .......
⚠ 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.