Adaptive ATR

Average True Range (ATR) is widely used indicator in many occasions. It is calculated as SMA (Simple Moving Average) of true range (which is calculated as the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close). This version is adding a “twist” to it : it is using Perry Kaufman’s Efficiency Ratio to calculate adaptive true range

Usage :

It can be used the same way as the usual ATR is used

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Know about this indicator

Average True Range (ATR) is a popular free MT5 indicator that is frequently utilized in the MT5 chart. SMA (Simple Moving Average) of the true range is used to calculate it.

It is calculated as the greatest of the following,

  • Current high less the current low
  • The absolute value of the current high is less than the previous close
  • The absolute value of the current low is less than the previous close.
  • This version gives it a “twist” by computing adaptive true range using Perry Kaufman’s Efficiency Ratio.
  • Finally, this Buy Sell indicator MT5 can be used the same way as the usual ATR is used.