The volume based ATR indicator - indicatore per MetaTrader 5

Custom ATR. The indicator values are calculated based on the current day's High-Low and current day's High - previous day's Close or current day's Low - previous day's Close.

There are three adjustable parameters:

• Period of indicator - indicator calculation period;
• Use volume - use volumes in calculations. If the parameter is set to "yes", then the current day's volume is added to the calculated minimum difference;
• Type of indicator - indicator drawing type, Line/Histogram.

Fig.1 Line, no volume

Fig.2 Histogram, no volume

Fig.3 Line with the volume

Fig.4 Histogram with the volume