Request for ATR custom indicator help | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Help to modify "ATR Channel Indicator" into its MTF version 5 replies

Correct number of weeks for ATR and hour ATR 1 reply

Request: ATR Indicator Made Up Of Data, Not Visual 11 replies

ATR in pips indicator help. 6 replies

Simple ATR (xperiod) vs. Bar Range Indicator Request 2 replies

Attachments: Request for ATR custom indicator help
Exit Attachments

Request for ATR custom indicator help

  • #1
  • First Post: Nov 29, 2013 2:24am Nov 29, 2013 2:24am
HI Guys/Gals,
I am looking for a custom indicator that either paints the candle or places an arrow on the bar if the range of the bar is => a user defined measure of the ATR.

For example if Range(0) is => 2X ATR(20) where the 2X is a user defined field.

Does anyone know if this exists?


Thanks!


Swingtrade65
Plan, Prepare, Execute, Repeat
  • #2
  • Edited Dec 7, 2013 1:06pm Dec 6, 2013 7:57pm | Edited Dec 7, 2013 1:06pm
Quoting swingtrade65
HI Guys/Gals, I am looking for a custom indicator that either paints the candle or places an arrow on the bar if the range of the bar is => a user defined measure of the ATR. For example if Range(0) is => 2X ATR(20) where the 2X is a user defined field. Does anyone know if this exists? Thanks! Swingtrade65
Try the attached:

--- Download the .mq4 and .ex4 files to your ....(MT4)/experts/indicators folder.
--- Download the .mqh files to your ....(MT4)/experts/include folder (note: the .mq4 file will not compile correctly without these).

--- Then exit and restart MT4.
Attached File(s)
File Type: mqh hanover --- function header (np).mqh   14 KB | 600 downloads
File Type: mqh hanover --- extensible functions (np).mqh   118 KB | 577 downloads
File Type: mq4 Candle range GT ATR(x).mq4   3 KB | 848 downloads
File Type: ex4 Candle range GT ATR(x).ex4   16 KB | 735 downloads
  • #3
  • Dec 6, 2013 8:43pm Dec 6, 2013 8:43pm
Are the .mqh files the same files from your other indicators or are they specifically needed to compile this mq4 file? ( I have downloaded them for the daily boxes.)

Kindly advise.
  • #4
  • Edited 12:58pm Dec 7, 2013 12:47am | Edited 12:58pm
Quoting Tasos
Are the .mqh files the same files from your other indicators or are they specifically needed to compile this mq4 file? ( I have downloaded them for the daily boxes.) Kindly advise.
The most recent posting of the files is always the latest version, and should be backwardly compatible with all prior versions. Check the date/time of a post if necessary.
  • #5
  • Dec 16, 2013 9:36am Dec 16, 2013 9:36am
Hi hanover,

I was wondering if you can extend the indicator you made above (candle range gt atr) to also show a short of channel or dot indicator above and below the candle that signify the range of the indicator (attached sample screenshot). Also, it would be great if the indicator can be multi-time frame so user can plot the Daily ATR range per candle in lower time frame. This will be very helpful in determining stop loss and trailing stop loss.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: atr channel.png Size: 49 KB
  • #6
  • Dec 16, 2013 10:39am Dec 16, 2013 10:39am
Quoting tmchan
Hi hanover, I was wondering if you can extend the indicator you made above (candle range gt atr) to also show a short of channel or dot indicator above and below the candle that signify the range of the indicator (attached sample screenshot). Also, it would be great if the indicator can be multi-time frame so user can plot the Daily ATR range per candle in lower time frame. This will be very helpful in determining stop loss and trailing stop loss. Thanks. {image}
Alas, it's not that easy. As the candles zigzag up and down throughout a move, so does an ATR based distance from the candle highs/lows. But a trailing SL should not zigzag in this manner, because you want it to advance only. Hence you must find a way of defining swing highs/lows, so that the SL advances across each such 'cycle'. In other words, in the the same way that the MT4-supplied Parabolic SAR indy works.

I'm currently busy with other projects, and I don't want to re-invent the wheel, as many ATR based trailing stop indys exist already. I've attached one that I have used myself. It's not MTF, but if that's important to you, you can always perform a search. I've listed some URLs to search, as a starting point, in this post.
Attached File(s)
File Type: mq4 ATRStops_v1.1.mq4   3 KB | 754 downloads
  • #7
  • Dec 17, 2013 1:44am Dec 17, 2013 1:44am
Appreciate the reply. I did search for the indicator I wanted in multiple places already but I can't seem to find out. I did came across with that indicator, but it doesn't show the top range and bottom range. Maybe I'm searching the wrong keywords here. I'll tried to search further.
  • #8
  • Dec 17, 2013 4:24pm Dec 17, 2013 4:24pm
Hi!

I've made this indi for my strategy, maybe this is what you are looking for. It's not mtf but maybe you can use it
It adds the atr value multiplied by the nuber given in the parameters, and adds this value to the low of the candle, and distracts it from the high value of the candle. If the low or high is violated, then the lines change. I'm using this for exits and trailing stop, that's why the lines only move in one direction (no zig-zag pattern).
Attached File(s)
File Type: mq4 ATR-exit.mq4   3 KB | 908 downloads
  • #9
  • Last Post: Dec 27, 2013 5:42am Dec 27, 2013 5:42am
Thanks Zool. I'll try it out. I did find some other indicator named "ATR projection" that suits my needs.
0 traders viewing now