ATR Dashboard indicator - Page 2
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Thread: ATR Dashboard indicator

  1. #11
    Quote Originally Posted by ;
    Hey guys, I use this indior and it works fine on the newest build 670. Could it be because I installed it months prior to the 600 assembles? I believe I downloaded it not certain though. Food for thought...
    hi all,

    I have just download the ahttps://www.forexsoutheast.asia/atta...1239436969.mq4 I have mine mt4 the newest build 670, I use this indior and it doesn't work on mine, but will you be so kind enough to share me this matter, what I have to do in order to create mine ok. I would greatly appreciate for your kind help.

  2. #12
    Quote Originally Posted by ;
    quote thanks.how might we mend the left side which is sterile now. image should look like that image
    same also.

  3. #13
    1 Attachment(s) inside this chart what is the significance of atr worth 1.5923. Please explain it.
    https://www.forexsoutheast.asia/fore...e-brokers.html

  4. #14
    Quote Originally Posted by ;
    In this chart what's the significance of atr value 1.5923. Please explain it. image
    It is the current value of your ATR(14).

  5. #15
    Quote Originally Posted by ;
    quote it's the current value of your atr(14).
    As we browse atr is average true range .in this chart it's daily chart. Last day price movement lasst candel 177.577 to 180.320. So it atr value is 1.5923 then what's it means.

  6. #16
    Basically I m serching daily candel leanth and its when a new day open Just How much it move up or down

  7. #17
    Quote Originally Posted by ;
    In this chart what's the meaning of atr worth 1.5923. Please describe it. picture
    Hello,

    evidently, ATR xxx is the worth of ATR on any certain time frame. That is so obvious it is not worth saying.

    I presume what you are actually asking is, how should you apply ATR? I will tell you what I understand, and I am not the expert, although it's a fantastic question. I'm actually not a fan of ATR, I really don't use it in my trading, because I have found it to be somewhat inaccurate. I would look at volume signatures.

    But as you asked, here is how I generally use it. Pick out the ATR value and multiply it by 3. This will give you an approximate range for volatility within a given time frame.

    From case you've supplied, 1.5923 * 3 is 4.7769. Then add and subtract this number from the current price, and this will give you an approximate range.

    So, for the Daily TF, the range is anticipated to become 177.577 /- 4.7769. This offers you an estimated range of 172.80 to 182.35 for the Daily TF.

    But as I stated above, this range is only an approximation and I have noticed there is not any consistency or validity to such predictions. Price can do whatever it wants, compounded by the fact that the ATR will vary on each time period, making it harder to use these forecasts accurately.

    That is the reason why I do not use ATR in my trading, but if anyone can prove me wrong, then I would be willing to give it another look. Additionally, you don't have to use 3x ATR... but in my opinion it seems that's the most widely used value so I would not trust anything else, if I were going to use it whatsoever.

    Also I think it's more important to attempt to ch a move once the ATR is just starting to increase, not after it's already peaked. Also note that you are told by ATR nothing about the management.

    That is my understanding of it, but you may want to Wiki or Google search it just to confirm what I have said.

  8. #18

  9. #19
    Here are the fixed records for the dashboard for anyone interested, it's such a great indi it was a shame the latest versions were awakened.

    This version works nicely on the most recent MT4 built 1010, compiles fine and displays all labels properly, not like the versions submitted previously that were concealing a few of the labels.

    This is how it appears.

    Https://www.forexsoutheast.asia/cryp...taneously.html

    Hope it could be Helpful to someone

    https://www.forexsoutheast.asia/atta...003729729841.0

    https://www.forexsoutheast.asia/atta...005216148817.0

  10. #20

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