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Average True Range Channel Indicator

  • Post #1
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  • First Post: Oct 7, 2009 4:14pm Oct 7, 2009 4:14pm
  •  Porkpie
  • Joined Mar 2007 | Status: Member | 1,142 Posts
ATR channel for MT4. Does anyone have it and can post?? Have searched high and low.

Many thanks in advance.
  • Post #2
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  • Oct 7, 2009 7:17pm Oct 7, 2009 7:17pm
  •  khaos420
  • | Joined Mar 2009 | Status: Member | 17 Posts
you can search on the mql4 code base there are actually lots of indicators with the similar ideas. for example:

http://codebase.mql4.com/611

http://codebase.mql4.com/1078

you can give us any ideas on how you plan to use these if you wish
 
 
  • Post #3
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  • Oct 8, 2009 4:03am Oct 8, 2009 4:03am
  •  Porkpie
  • Joined Mar 2007 | Status: Member | 1,142 Posts
Thanks for that.

It is not excatly what I am after. The channel has just two bands and I want to use it as a volatility stop. I could just put in a bog standard atr and add or subtract the atr value to price based on a 70% atr for stop placement. but I thought it would be better with the bands as a visual aid especially for back testing.
 
 
  • Post #4
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  • Nov 14, 2010 1:08pm Nov 14, 2010 1:08pm
  •  bandung
  • Joined Apr 2010 | Status: Member | 642 Posts
I coded it a while ago..
maybe it similar to what you looking for


it's have 100% band and other x% atr

but it look ugly on the chart.. too curly
Attached Image (click to enlarge)
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Name: atr-stop.png
Size: 39 KB
Attached File(s)
File Type: mq4 ay-atr3.mq4   3 KB | 1,365 downloads
...
 
 
  • Post #5
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  • Last Post: Jan 13, 2011 1:58pm Jan 13, 2011 1:58pm
  •  capsmart
  • | Joined Aug 2005 | Status: Member | 100 Posts
Nice work.
You have to select the correct time frame for it to work properly
If you want the daily in tf you have to select 1440.
 
 
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