ATR ratio – indicator MetaTrader 5

ATR ratio indicator
Real author: Luis Guilherme Damiani The indicator of the ratio between fast Average True Range (ATR) and slow ATR. ATR ratio often reach high values after the prices quick and strong movements. Low indicator values often correspond with long periods of flat that can be observed on the market top and during consolidation. It can

Efficiency ratio directional with levels – indicator MetaTrader 5

Efficiency ratio directional with levels - indicator for MetaTrader 5
Basics: The Efficiency Ratio (ER) was first presented by Perry Kaufman in his 1995 book ‘Smarter Trading‘. It is calculated by dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The resulting ratio ranges between 0 and 1 with higher values representing a