The indicator ATR Channel X3 MTF draws volatility MTF channel with additional levels for setting stop loss and take profit.
The channel trading indicator ATR Channel X3 MTF is the modification of the ATR volatility indicator.
In the ATR Channel X3 MTF indicator, the calculation of the channel itself is slightly changed, and the MTF (multi timeframe) function is also implemented.
In addition, levels have been added to the indicator, with the help of which it is possible to determine the places for placing stop loss and take profit orders, as well as consolidation zones.
To calculate levels, one of the five methods implemented in the indicator can be used, therefore, for each calculation, ATR period and volatility, different level ratios are required.
Please note that in MTF mode, the ATR Channel X3 MTF channel trading indicator may repaint its signals.
Features of ATR Channel X3 MTF MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In ATR-Channel-X3-MTF.zip file you will find:
- ATR Channel X3 MTF VS+TT.ex4
Download ATR Channel X3 MTF MT4 indicator for free: