ATRNorm

ATRNorm

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ATRNorm is the normalized version of Average True Range. The indicator can also normalize tick volume, standard deviation, etc. using ValueType input parameter. ATRNorm has been created to detect flat areas.

This indicator was first implemented in MQL4 and published in Code Base 10.05.2012 (in Russian).

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

Indicator input parameters:

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+
input uint period=12;                             // Indicator period
input uint ma=12;                                 // Smoothing period
input IndType ValueType=ATR;                      // Normalized indicator type
input uint normLimit=24;                          // Normalizing period
input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // Volume
input int Shift=0;                                // Horizontal shift of the indicator in bars

 

MT5 Indicator – Download Instructions

ATRNorm is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

ATRNorm provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install ATRNorm.mq5?

  • Download ATRNorm.mq5
  • Copy ATRNorm.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on ATRNorm.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator ATRNorm.mq5 is available on your Chart

How to remove ATRNorm.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

ATRNorm

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