FXR_ATR_Pivots

by | Jun 27, 2016 - 5.14 am | 5 comments

FXR_ATR_Pivots

Updated Version. Monthly, Weekly, Daily Pivots based on the Average True Range. This indicator is useful to understand how much space a currency pair can travel, given the market’s current volatility. It can help plan entries and manage trades.

  • Ewok

    I have 2 issues with this indicator. Would it be possible to get it modified to 1: have a customisable start hour…because I want the day to begin at NY close (5pm EST/10pm UK time) which is the standard day end/start but my broker is using UK time and so midnight UK time as start/end of a day, so it ends up drawing the “current open” line in the wrong place. 2: More importantly, can it be modified to allow it to ignore Sunday bars. A lot of brokers due to not starting at standard NY open/close times end up showing a very short bar for Sundays which completely throws off the ATR.

    • Justin Paolini

      Hello Ewok,
      I would suggest you get in touch with the programmer directly: Craig and his email is drurycr@optusnet.com.au

  • Matt Jacobsen

    How do you utilize that file on MT4? Its a rar. file instead of an ex4 or mql4 file. Thanks.

    • Justin Paolini

      Hello Matt,
      simply open the .rar with WinRar or Winzip and extract the file ;-)

      • Matt Jacobsen

        Cheers. I probably should have used google first huh :)