The volume based AT R indicator
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 The volume based AT R indicator
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
Custom ATR. The indicator values are calculated based on the current day's High-Low and current day's High - previous day's Close or current day's Low - previous day's Close.
There are three adjustable parameters:
Period of indicator
- indicator calculation period;
Use volume
- use volumes in calculations. If the parameter is set to "yes", then the current day's volume is added to the calculated minimum difference;
Type of indicator
- indicator drawing type, Line/Histogram.
Fig.1 Line, no volume
Fig.2 Histogram, no volume
Fig.3 Line with the volume
Fig.4 Histogram with the volume
