ATR Smoothed 3-Timeframe Indicator (MT5)
Info
The ATR Smoothed 3-Timeframe Indicator (MT5) is a Indicator for MetaTrader 5 that atr smoothed 3-timeframe indicator provides a consolidated view of the average true range (atr) across three different timeframes on a single chart. To enhance clarity, the indicator utilizes distinct visual representations for each timeframe: histograms for the lower timeframe, colored dots for the middle timeframe, and bold lines for the higher timeframe.
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 Smoothed 3-Timeframe Indicator (MT5)
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 Smoothed 3-Timeframe Indicator provides a consolidated view of the Average True Range (ATR) across three different timeframes on a single chart.
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: Heiken Ashi ATR Blend: Smoothed Candles and Early Entry Signals - another powerful indicator for MetaTrader 5 traders.
ATR Smoothed 3-Timeframe Indicator provides a consolidated view of the Average True Range (ATR) across three different timeframes on a single chart. To enhance clarity, the indicator utilizes distinct visual representations for each timeframe: histograms for the lower timeframe, colored dots for the middle timeframe, and bold lines for the higher timeframe.Also recommended: AIS Smoothed Linear Trend Indicator - similar indicator with strong performance on MetaTrader 5.
To use this indicator, ensure that the compiled indicator file 'atrsmoothed.mq5' is placed in the '\mql5\indicators\' directory within your MetaTrader 5 terminal's data folder.
Figure 1. ATR Smoothed 3-Timeframe Indicator Display
You may also like: heiken ashi smoothed indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.60"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_plots 3
#define reset 0 //
#define indicator_name "atrsmoothed" //
#define size 3 // countindicator .......
⚠ 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.