PipTick ATR MT5

PipTick ATR MT5

PipTick ATR indicator is really helpful tool for measuring of range of bars. With it you can quickly and easily assess the current spread (range) ATR, which is especially useful for traders who use the VSA. The indicator for the classification of the range bar (candle) applies moving average and its coefficients. Accordingly, the portion where the bar ATR (relatively moving average) is marked as ultra low, low, medium, high, very high or ultra high. Indicator PipTick ATR represented as a histogram.

This indicator calculates the moving average of four ways:

  • SMA – Simple Moving Average
  • SMMA – smoothed moving average
  • EMA – Exponential Moving Average
  • LWMA – linearly weighted moving average

interpretation of values

By default, there are six areas that the user can change. Depending on which zone corresponds to the ATR, the bar of histogram is colored by appropriate color. Thus, you can easily recognize how high ATR (spread / range) compared to the previous bars.

  • Zone ultralow ATR – Gray
  • Low ATR Zone – white
  • Zone average ATR – turquoise
  • High ATR zone – dark sky-blue color
  • The zone is very high ATR – royal blue
  • Zone ultrahigh ATR – blue

Main characteristics

  • A simple classification of bars range
  • Several methods based on selection
  • Ranges zones selected by the user
  • It works on all timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN)
  • Fast and reliable indicator
  • Adjustable parameters (color, line thickness, period MA …)

Input parameters

  • MA_Method – The method of moving average, SMA, SMMA, LWMA and EMA
  • MA_Period – calculating the period of the moving average
  • ATR_Period – Calculation period ATR
  • Line_Thickness – The thickness of the exit line
  • Histogram_Thickness – Thickness output histograms
  • Low_Coefficient – Coefficient to determine the lowest zone
  • Average_Coefficient – Coefficient to determine the average area
  • High_Coefficient – Coefficient to determine the high band
  • Very_High_Coefficient – Coefficient to determine the very high area
  • Ultra_High_Coefficient – Coefficient to determine the zone ultrahigh
  • Color_Text – LED color text
  • Color_MA_Line – The color of the moving average line
  • Color_Ultra_Low – Color ultra histogram
  • Color_Low – Color histograms low
  • Color_Average – average color histogram
  • Color_High – High color histogram
  • Color_Very_High – Color is very high histogram
  • Color_Ultra_High – Color ultrahigh histogram

output parameters

  • Average ATR Mapping values ​​of the mean period of ATR
  • ATR – Showing ATR values
  • Type – Displays the type of zone numbers. 1 – 6 correspond to zones. Number 1 is an ultra-low, ultra-high 6 means
  • Low – Displaying values ​​lower zone. Otherwise, the value is zero
  • Average – Displaying values ​​of the middle zone. Otherwise, the value is zero
  • High – Showing high zone values. Otherwise, the value is zero
  • Very High – Displaying values ​​very high zone. Otherwise, the value is zero
  • Ultra High – Displaying values ​​ultrahigh zone. Otherwise, the value is zero

PipTick ATR MT5


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