ATR classic therefore without iATR by William210 – indicator MetaTrader 5

Good morning.

If this code malfunctions for whatever reasons, forgetting or MQL5 upgrades, let me know so I can correct it, thank you

You can find all my multi timeFrame indicator codes or not, in CodeBase or on the Marketplace, free or purchasable, by searching for “William210”.

Why this code?

The Average True Range (ATR) indicator, developed by J. Welles Wilder in 1978, allows traders to measure the volatility of an asset by averaging the largest True Ranges over a given period. This information is valuable for understanding price movements and identifying trading opportunities.

This code does not trace the iatr() because the iatr() or this code is a more modern version.

This code uses original smoothing, a kind of SMA and not wilder smoothing.

The analysis of the two smoothings can suggest opportunities elsewhere

May this code help you

Don’t forget to put a star and ask me as a friend to be the first to be notified when my code is published in codebase or the marketplace

I wrote other simple codes in CodeBase:

I offer many of these indicators in the Marketplace, search for me “William210”

Adaptative moving average using iama()

Adx using iadx()

Alligator using alligator()

ATR using iatr() or without iATR 

The ATR is very useful for other indicators, such as SuperTrend which I offer in the marketplace

Awesome oscillator without iao()

Bands bollinger using ibands()

Donchian channel

Envelopes using ienvelopes()

Ishimoku using iishimoku()

Keltener channel

MACD using  imacd()

Momentum using iMomentum()

Moving average using ima(), using the native functions SimpleMA(), ExponentialMA(), SmoothedMA(), LinearWeightedMA()
I offer many multi-timeframe smoothing options in the marketplace.

Simple average => EMA, SMA, EMA, SMMA, LWMA

Volume-weighted averages, VWMA, VEMA, EVWMA

double and more exponential Average, DEMA

RSI, with or not irsi()

Stochastic using  istochastic()

If you have code ideas to help or serve as a basis, request it on this thread