If you're a trader who values precision, this one's for you!
Let's talk about the Average True Range (ATR) indicator in MetaTrader 5. Now, the standard code that comes with MetaTrader 5 uses an approximation method for calculating ATR, which speeds up execution. While the results are pretty close to what you'd get with a simple moving average (SMA) of True Range (TR), it's not quite the same.
But fear not! This modified version calculates ATR without any approximations. The beauty of it? You won't notice a dip in execution speed, regardless of the time period you're analyzing. Plus, it doesn't require any extra buffer allocation, keeping your trading platform running smoothly.
With this improved ATR calculation, you'll have a more accurate representation of market volatility at your fingertips. It's a small tweak that can make a significant difference in your trading strategy. So, why not give it a shot?
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