Adaptive ATR Channel
From the Old Kings archive: Adaptive ATR Channel, an indicator for MetaTrader 5. As the name suggests, the idea behind it is ATR volatility and price channels. It has 3 settings, for example Period (default 20), Price (default PRICE_TYPICAL) and Multiplier (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Adaptive ATR Channel
Adaptive ATR Channel is an indicator for MetaTrader 5. It has 3 settings, such as Period, Price and Multiplier. MQL source code included.
Files in the download: Adaptive ATR channel.mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 20 | Period |
| Price | PRICE_TYPICAL | Price |
| Multiplier | 1 | Channel width |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: ATR · Channels & Envelopes · MT5 Indicator · MQL5 Source Code