baseline: i ma + at r bands
Info
The baseline: i ma + at r bands is a Indicator for MetaTrader 5 that indicator name : baseline: ima + atr bandsdescription :baseline: ima+atr bands is a custom indicator that combines a standard moving average (ma) with upper and lower bands based on the average true range (atr). the result is a simple yet powerful visual tool for identifying market trends, potential breakouts, and volatility.
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 baseline: i ma + at r bands
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
indicator name : baseline: ima + atr bandsdescription :baseline: ima+atr bands is a custom indicator that combines a standard moving average (ma) with upper and lower bands based on the average true range (atr).
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: Bands Stoch RSI Extreme Reversal Signals - another powerful indicator for MetaTrader 5 traders.
indicator name
: baseline: ima + atr bands
Also recommended: B Bands Psar Indicator - similar indicator with strong performance on MetaTrader 5.
description:baseline: ima+atr bands is a custom indicator that combines a standard moving average (ma) with upper and lower bands based on the average true range (atr). the result is a simple yet powerful visual tool for identifying market trends, potential breakouts, and volatility.
background
:this indicator was inspired by the
no nonsense forex (nnfx)
trading methodology, where the baseline acts as a primary trend filter. i developed this to make the baseline setup easier to read and interpret directly on the chart.
how to use :
ima period – the number of bars used to calculate the moving average.
ima method – type of moving average (sma, ema, smma, lwma).
applied price – source price for ma (e.g., close, open, high, low).
atr period – number of bars used for atr calculation.
atr multiplier – the factor applied to the atr value to calculate the upper and lower bands.
trading suggestions (not financial advice) :
use the ma line as your baseline trend filter.
price crossing above the upper band may suggest bullish momentum.
price crossing below the lower band may indicate bearish momentum.
combine with confirmation, volume, and exit indicators in line with your strategy (e.g., nnfx guidelines).
screenshots :
input settings :
color & lines settings :
about :
You may also like: bollinger bands 3 sigma - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 3
#property indicator_type1 DRAW_LINE.......
⚠ 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.