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Re: MT4 Indicator requests and ideas

RplusT, Wed Jan 09, 2019 1:58 pm

mrtools wrote:
Fri Jan 04, 2019 2:04 am
friend4you wrote:
Fri Jan 04, 2019 12:53 am
Mladen made a new, attached indicator last weeks. Can it be recoded to Mt4, maybe with alert on slope change?
"Theory :

This indicator is showing an example how an adaptive ATR (originally published here : Adaptive ATR) can be used within some other indicator. As an addition, not only the ATR is adaptive in this indicator but the main value is calculated as adaptive EMA using the same Kauffman's efficiency ratio for adapting

Usage :

It can be used the similar way as similar indicators (Keltner channel and similar channel indicators ...)"

Adaptive ATR channel.mq5

mrtools, I'm jut wondering whether it would be possible to call up the ATR Range from a Range calculator automatically so the period would not have to be adjusted manually. By following the Average Daily Range or 5, 10, 20 Days (as per choice), this channel gives actually a very good guide line.
ATR Range Cal.JPG
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