Re: ATR indicators for MT4

61
Hello, thanks for testing, Yeah, might be the data, just checked on my broker and adr and atr a little different on mine. Added the ability to change the line style plus width and posted in the original. First snapshot is H1 chart using H4 adr second is the same except using atr, got a little different readings for every timeframe I checked. Also, for most JPY pairs had to do a negative shift to move the text, on those shots used a -50 shift.
These users thanked the author mrtools for the post (total 2):
Kayleb, Abdi


Re: ATR indicators for MT4

62
mrtools wrote: Thu Feb 20, 2025 11:41 pm Hello, thanks for testing, Yeah, might be the data, just checked on my broker and adr and atr a little different on mine. Added the ability to change the line style plus width and posted in the original. First snapshot is H1 chart using H4 adr second is the same except using atr, got a little different readings for every timeframe I checked. Also, for most JPY pairs had to do a negative shift to move the text, on those shots used a -50 shift.
If you downloaded quickly you might want to redownload forgot to add line width :facepalm: sorry!
These users thanked the author mrtools for the post (total 2):
Kayleb, Abdi

Re: ATR indicators for MT4

63
mrtools wrote: Mon Jul 01, 2024 3:29 am Made this one. In the screenshot is the built in Atr which uses a simple moving average.
Dear mrtools,

I have a few suggestions for expanding the Atr (rma) and would love to see them implemented:

1. Would it be possible to extend the Atr (rma) with additional averaging methods from the All Averages Pack?
Additionally, an option to display the pure ATR (without averaging/smoothing) would be very useful.

2 It would also be great if, optionally, a Moving Average could be plotted alongside the ATR—using the same averaging methods that can be applied to the ATR.
Similar to how it works with ATR + ma (see screenshot).

3. A multi-timeframe (MTF) option would also be a fantastic addition.

4. Lastly, adding a button would be a great enhancement.

Best regards,
Kayleb
These users thanked the author Kayleb for the post (total 2):
mrtools, RodrigoRT7

Re: ATR indicators for MT4

64
Kayleb wrote: Sat Feb 22, 2025 3:24 am Dear mrtools,

I have a few suggestions for expanding the Atr (rma) and would love to see them implemented:

1. Would it be possible to extend the Atr (rma) with additional averaging methods from the All Averages Pack?
Additionally, an option to display the pure ATR (without averaging/smoothing) would be very useful.

2 It would also be great if, optionally, a Moving Average could be plotted alongside the ATR—using the same averaging methods that can be applied to the ATR.
Similar to how it works with ATR + ma (see screenshot).

3. A multi-timeframe (MTF) option would also be a fantastic addition.

4. Lastly, adding a button would be a great enhancement.

Best regards,
Kayleb
Hello, maybe try this one, some of the averages aren't working with the atr, not sure why but researching it and if I figure it out will fix them.
These users thanked the author mrtools for the post (total 3):
Kayleb, RodrigoRT7, Abdi

Re: ATR indicators for MT4

65
mrtools wrote: Sun Feb 23, 2025 4:48 am Hello, maybe try this one, some of the averages aren't working with the atr, not sure why but researching it and if I figure it out will fix them.
Dear mrtools,

first of all, thank you for the new version – it already looks great!

I have a few suggestions for further improvements:
Would it be possible to display the pure ATR (without smoothing), for example, by selecting "None" as the MA type?
I'm not sure if this is feasible, but it would be a helpful addition.

Additionally, it would be great if the Signal Line could be made optional, so users can hide it if they don’t need it.
Perhaps as a menu option like Show Signal Line or something similar?

Thank you for your effort and the time you put into this!

Best regards,
Kayleb


Re: ATR indicators for MT4

66
Kayleb wrote: Sun Feb 23, 2025 6:44 am Dear mrtools,

first of all, thank you for the new version – it already looks great!

I have a few suggestions for further improvements:
Would it be possible to display the pure ATR (without smoothing), for example, by selecting "None" as the MA type?
I'm not sure if this is feasible, but it would be a helpful addition.

Additionally, it would be great if the Signal Line could be made optional, so users can hide it if they don’t need it.
Perhaps as a menu option like Show Signal Line or something similar?

Thank you for your effort and the time you put into this!

Best regards,
Kayleb
Atr uses a simple moving average for its smoothing so using a sma you will get the "pure" atr. Added the option to use the signal line or not.
These users thanked the author mrtools for the post:
Kayleb

Re: ATR indicators for MT4

67
mrtools wrote: Sun Feb 23, 2025 3:15 pm Atr uses a simple moving average for its smoothing so using a sma you will get the "pure" atr. Added the option to use the signal line or not.
Dear mrtools,

you're right—I completely forgot that the Simple Moving Average displays the "pure" ATR. My bad!
Sorry about that!

The indicator has turned out fantastic. Thank you so much for all the adjustments!

Best regards,
Kayleb

Re: ATR indicators for MT4

68
mrtools wrote: Sun Feb 23, 2025 4:48 am Hello, maybe try this one, some of the averages aren't working with the atr, not sure why but researching it and if I figure it out will fix them.
This looks good Mr tools, thank you!
Could you please make a histo version of this?
With the option to change the way the histo is displayed with a object code, if possible?

Re: ATR indicators for MT4

70
mrtools wrote: Mon Feb 24, 2025 4:23 am Hello, sorry not understanding exactly what you are looking for?
Something like the illustrated if possible.
Atr > ma = Orange (Movement in the market)
Atr < ma = Grey (Quite market)

Similar to the bbsqueeze you made some time ago. But only the middle part which shows velocity.
mrtools wrote: Tue Dec 06, 2022 8:04 am