AT R without i AT R() with smoothing Wilder by William210. mq5
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 AT R without i AT R() with smoothing Wilder by William210. mq5
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
Good morning.
If this code malfunctions for whatever reasons, forgetting or MQL5 upgrades, let me know so I can correct it, thank you
You can find all my multi timeFrame indicator codes or not, in CodeBase or on the Marketplace, free or purchasable, by searching for "William210".
Why this code?
The Average True Range (ATR) indicator, developed by J. Welles Wilder in 1978, allows traders to measure the volatility of an asset by averaging the largest True Ranges over a given period. This information is valuable for understanding price movements and identifying trading opportunities.
Remember that the original ATR indicator from 1978 did not include this smoothing.
Wilder Smoothing was later introduced and helps smooth out fluctuations in the ATR indicator, making it easier to analyse. This is a simple moving average applied to ATR values, usually over a 14-period period.
May this code help you
Don't forget to put a star and ask me as a friend to be the first to be notified when my code is published in codebase or the marketplace
I wrote other simple codes in CodeBase:
I offer many of these indicators in the Marketplace, search for me "William210"
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The ATR is very useful for other indicators, such as SuperTrend which I offer in the marketplace
Ioffer many multi-timeframe smoothing options in the marketplace.
Simple average => EMA, SMA, EMA, SMMA, LWMA
Volume-weighted averages, VWMA, VEMA, EVWMA
double and more exponential Average, DEMA
RSI, or irsi()
If you have code ideas to help or serve as a basis, request it on this
