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Normalized ATR

#1
Dear All,

I found the Normalized ATR indicator but not in MQL4.
Should be possible to convert in a MQL4 indicator ( tobe utilized also for backtesting ).

Thanks in advance,

Andrea

Mod edit: Link removed.


Re: Normalized ATR

#2
AndreaTrade wrote:
Wed Mar 25, 2020 10:10 pm
Dear All,

I found the Normalized ATR indicator but not in MQL4.
Should be possible to convert in a MQL4 indicator ( tobe utilized also for backtesting ).

Thanks in advance,

Andrea
Please make an effort to upload the indicator and attach it to your post. No links to other site's downloads here. As a new member we ask you to follow our rules before posting.
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Re: Normalized ATR

#3
As requested you can find attached the Normalized ATR indicator in MQL5.
Frankly speaking I'm an old user but I don't know why my account has been canceled.
Normalized ATR.mq5
(5.06 KiB) Downloaded 131 times

Re: Normalized ATR

#4
AndreaTrade wrote:
Wed Mar 25, 2020 11:05 pm
Frankly speaking I'm an old user but I don't know why my account has been canceled.
What "account" was cancelled?
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.

Latest: Why was I banned from Forex-station?

Re: Normalized ATR

#5
AndreaTrade wrote:
Wed Mar 25, 2020 11:05 pm
As requested you can find attached the Normalized ATR indicator in MQL5.
Frankly speaking I'm an old user but I don't know why my account has been canceled.
Probably u not following rules............. haha :lmao: :lmao: :lmao:
Contribution Inspector & GIF Animator at your service👮


Re: Normalized ATR

#6
AndreaTrade wrote:
Wed Mar 25, 2020 11:05 pm
As requested you can find attached the Normalized ATR indicator in MQL5.
Frankly speaking I'm an old user but I don't know why my account has been canceled.
Got this one made by Mladen awhile back just modernized it some.
normalized atr.mq4
(2.66 KiB) Downloaded 407 times

Re: Normalized ATR

#7
mrtools wrote:
Thu Mar 26, 2020 1:25 am
AndreaTrade wrote:
Wed Mar 25, 2020 11:05 pm
As requested you can find attached the Normalized ATR indicator in MQL5.
Frankly speaking I'm an old user but I don't know why my account has been canceled.
Got this one made by Mladen awhile back just modernized it some.
Thanks Mrtools, really appreciated.

Re: Normalized ATR

#8
could it not be possible to make a better version than that ? sorry for being rude but i can think of a way to make it better (just compare fastATR to slowATR and price value). it would be better than that (the actual ATR is not "at max value" when there is a peak of volatility, instead it just "rises" from 0) and there are periods where the ATR is at max, and the volatility isn't that high.

also i don't get why you need a normalized ATR? the strength of ATR is to be NOT normalized

Re: Normalized ATR

#9
Normalizing the ATR makes will help with determining statistical probability of the trades outcome.