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Sc MTF Average True Range ATR MT4

Highly configurable Average True Range (ATR) indicator.

Features:

  • Highly customizable alert functions (at levels, crosses, direction changes via email, push, sound, popup)
  • Multi timeframe ability
  • Color customization (at levels, crosses, direction changes)
  • Linear interpolation and histogram mode options
  • Works on strategy tester in multi timeframe mode (at weekend without ticks also)
  • Adjustable Levels

Parameters:

  • ATR Timeframe: You can set the lower/higher timeframes for ATR.
  • ATR Bar Shift: you can set the offset of the line drawing
  • ATR Period: ATR parameters.
  • Stepless (Linear Interpolation): Turn on/off the linear interpolation (with multi timeframe mode on lower timeframe).
  • Shows Indicator Levels: Turn on/off the ATR level showing.
  • Adjust the Level of ATR: Adjust the ATR levels.
  • Enable or Disable All Alert Functions: Turn on/off all alert functions.
  • Alert if... : You can enable/disable various alert events (for crosses, direction changes at after candle closed/before candle closes).
  • A Short Message for You to Identity This Indicator Instance: Specify a short message for you to identity which indicator alerted.
  • Alert with Email: Switchable alert mode.
  • Alert with Push Notification: Switchable alert mode.
  • Alert with Popup Window: Switchable alert mode.
  • Alert with Sound: Switchable alert mode.
  • Choose Sound File for Sound Alert: Select sound file for sound alert.
  • Color Mode: Switchable color mode (Simple Color, Cross, Cross After Closed, Cross On Selected Timeframe, Cross After Closed on Selected Timeframe, Only direction, Direction with levels, Only Levels)
  • Draw Main Line in Histogram Mode: Draws Main Line with line or histogram mode.
  • Color 1 of Main Line, Color 2 of Main Line, Color 3 of Main Line, Color 4 of Main Line: Set colors.
  • Width of Main Line: Style setting.
  • Style of Main Line: Style setting.
  • Draw Signal Line in Histogram Mode: Draws SignalLine with line or histogram mode.
  • Color 1 of Signal Line, Color 2 of Signal Line, Color 3 of Signal Line, Color 4 of Signal Line: Set colors.
  • Width of Signal Line: Style setting.
  • Style of Signal Line: Style setting.
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Version 4.2 2024.06.27
Next lower timeframe options:

Similar to the previously available next higher timeframe option, the next lower timeframe options are now available thanks to the bidirectional MTF function.

For example, if you choose the indicator to show "First lower timeframe," and you are viewing the chart on M15, then the indicator will display M5 timeframe indicator data. However, if you switch the chart to M30, the indicator will automatically switch to M15's indicator data. So, you can always see the next lower timeframe. Additionally, the next second and third timeframes are also available.
Version 4.1 2024.05.16
Minor bugfixes
Version 4.0 2024.05.09
Bidirectional MTF option: With multi timeframe function you can watch indicator values and objects on a different timeframe without switching between the chart's timeframes. From this version the Bidirectional MTF function allows you to see data not only from higher timeframes but also from lower ones.
Version 3.8 2022.09.27
I have added an adjustable start - end setting for alert functions. You can specify when you want your alerts to start and stop within a day (in hour and minutes). This is ideal if You want to trade only in a specified time session (for example if You trade only in London session).
Version 3.7 2022.06.02
Minor bugfixes.
Version 3.6 2022.04.27
We have added a next higher timeframe option for all gratis indicators:

All of our indicators are multi-timeframe indicators. Setting a higher timeframe has already been possible. With this new option you can set the chart to any timeframe and the indicator will always draw based on the first, second or the third higher timeframe (based on your settings). For example, if you choose the indicator to show "First higher timeframe than the current", and you are viewing the chart on m5, then the indicator is in m15 timeframe; but if you switch the chart to m15, the indicator will automatically switch to m30.