Hello Traders!
Recently I have been doing some readings about ATR & I like this indicator a lot <3
So I thought about implementing this in a way that I could use & here are the results.
Please don't hesitate to share your thoughts about this
Role of each indi:
Recently I have been doing some readings about ATR & I like this indicator a lot <3
So I thought about implementing this in a way that I could use & here are the results.
Please don't hesitate to share your thoughts about this
Role of each indi:
- Fractals are only used for initial stop loss
- ATR levels are used to filter target points (small period = achievable targets)
- Non Lag MA - period 21 applied to close - is used for plotting entries.
Simple Rules to follow for long Entries:
- Candle close above up trending Non Lag MA (green) = Buy signal
- Stop loss is set to recent low fractal
- Target points are ATR levels
Simple Rules to follow for Short Entries:
- Candle close below down trending Non Lag MA (red) = Sell signal
- Stop loss is set to recent high fractal
- Target points are ATR levels
So I have a question, and hopefully, someone can help with this
Is it possible to combine candle crossing over Non lag as a signal where each signal display its targets automatically based on ATR levels.
Thank you for your time
Attached File(s)
ATR Levels.mq4
6 KB
|
326 downloads
NonLagAMA.mq4
9 KB
|
269 downloads