BT F AT R
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use BT F AT R
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.
Description & Settings
Three Bigger Time Frame ATR is a multi-timeframe ATR indicator. It displays three ATRs of higher timeframes on the current chart.
It has five input parameters:
ATR period
- ATR calculation period
First ATR timeframe
- timeframe for the first ATR
Second ATR timeframe
- timeframe for the second ATR
Third ATR timeframe
- timeframe for the third ATR
Drawing mode
- indicator drawing type
Steps
- as a ladder
Slope
- inclined lines connecting two neighboring bars of the calculation timeframe
Fig.1. Three Bigger Time Frame ATR. H1, H3 and H6 ATRs displayed on the H1 chart, Drawing mode = Steps
Fig.2. Three Bigger Time Frame ATR. H1, H3 and H6 ATRs displayed on the H1 chart, Drawing mode = Slope
