mrtools wrote: Sun Jan 22, 2023 5:45 pm ATR Probability Levels indicator (MT4 version)
From Mladen:
Probability levels based on ATR. "Probability" is calculated based on the projected Average True Range and previous period Close.
Defaults are using daily period, but any time frame supported by MetaTrader 5 can be used.
Translated it to mt4.
bbookgenius wrote: Wed May 24, 2023 2:45 am Hello everyone, I have added levels 4 (ATR*1.25) and 5 (ATR*1.50) to the ATR Probability Levels indicator.
If you like to trade mean reversion, I suggest taking positions at levels 4 and 5 for optimal entry, since most traders are taught to set their stop at a minimum of 1 ATR from their entry. This gives you an advantage and a higher chance of a reversal due to some positions closing.
My request: Would it be possible to add a history mode to the indicator for easier backtesting?
Thanks in advance.
hello everything is fine? Is there a possibility to include custom periods in this atr probability? so as stated here, something like 1.5 ATR? if possible with the button and the possibility to customize the fonts? (I think it looks really cool with the Dubai Medium font, for example)
thank you very much!!
