ATR Stops (MTF Alerts) – Forex Meta Data 4 Indicator

The ATR Stops (MTF Alerts) indicator is a powerful tool for forex traders using the MetaTrader 4 platform. This indicator is designed to help traders identify potential trend reversals and set stop-loss levels based on the Average True Range (ATR) indicator.

With the ATR Stops (MTF Alerts) indicator, traders can easily determine the optimal placement of their stop-loss orders. By taking into account the volatility of the market, this indicator calculates the distance between the current price and the stop-loss level, allowing traders to protect their positions effectively.

One of the key features of this indicator is the multi-timeframe alerts. Traders can set up alerts for multiple timeframes, ensuring that they never miss a potential trading opportunity. Whether you are a day trader or a long-term investor, the ATR Stops (MTF Alerts) indicator can be customized to suit your trading style.

Another advantage of this indicator is its user-friendly interface. Traders can easily adjust the settings and customize the appearance of the indicator to their preferences. The ATR Stops (MTF Alerts) indicator also provides clear and concise visual signals, making it easy for traders to interpret and act upon.

In conclusion, the ATR Stops (MTF Alerts) indicator is a valuable tool for forex traders looking to improve their risk management and maximize their profits. With its advanced features and user-friendly interface, this indicator is a must-have for any serious trader using the MetaTrader 4 platform.

Inputs

Time frame : current
Ma period : 2
Moving average method : Smoothed LWMA
Atr perod : 10
Distance from price : 2.0
Price : Close
Tum alerts on? : false
Alerts on still opened bar? : false
Alerts should display message? : true
Alerts should play a sound? : false
Alerts should send a notification? : false
Alerts should send an email? : false
Sound file : alert2.wav
Display type : Display atr stops + candles
Candle wick width if candles are used : 1
Candle body width if candles are used : 2
Color for up : LimeGreen
Color for down : OrangeRed
Interpolate in multi time frame mode? : true