Dear coders,
Is it possible to convert this indicator for MT5? I know the MQ4 file is missing, but the idea shouldn't be difficult to implement, if I dare say so myself.
Creates an upper and lower level based on the ATR for your selected period. Calculation is based on the following;
Shift Variable works by allowing calculation from x-periods back.
Upper Line = (Daily Low + ATR)
Lower Line = (Daily High - ATR)
If it's not too much to ask, please add:
1. Color switching when price has exceeded one of the boundaries for the day
2. Multiplier value (default 1x ATR)
3. Exposed Time frame Parameter - Allows 'D', 'W', 'M' - Default 'D'