NR4ID-ATR Marks Periods of Low Price Volatility

Summary

NR4ID-ATR is a chart indicator intended to identify moments when an asset’s volatility reaches a local minimum. It marks those moments with colored dots placed at the midpoint of the candlestick’s price range, giving traders a visual cue that recent price movement has contracted.

The document says the indicator was first implemented in MQL4 and published in 2008. It does not explain the precise calculation, define the NR4ID conditions, or describe how a trader should use the marks to enter or exit positions. No chart examples, backtest evidence, or performance measures are included, so the description supports treating it as a volatility visualization rather than a validated trading signal.

Key ideas

• The indicator highlights points where asset volatility has contracted to a minimum.
• It places colored markers at the midpoint of a candle’s trading range.
• The document identifies an earlier MQL4 implementation published in 2008.
• The source gives no calculation details or evidence that the markers predict future price moves.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.