Skip to content
All library documents

XATR: An Average True Range Indicator with Alternative Averaging

Article MQL5 code base
Read the original

Summary

XATR is described as an Average True Range indicator that replaces the usual averaging algorithm and displays its output in points. The page identifies the indicator’s author and notes that an earlier version was implemented in MQL4 before publication in a code library. It also says the implementation relies on a separate smoothing-algorithm library for its calculations.

The document offers only a high-level description. It does not specify the alternative averaging method, parameter settings, calculation steps, market assumptions, or how a trader might use the resulting values. Nor does it report tests or performance evidence. The available information supports understanding XATR as a variation on ATR calculation and output, but further implementation details would be needed to assess its behavior or compare it with standard ATR.

Key ideas

  • XATR modifies the averaging algorithm used by an Average True Range indicator.
  • Its output is displayed in points.
  • The described implementation depends on a separate smoothing-algorithm library.
  • The document does not explain the replacement algorithm or provide trading tests.

Tags

Technical indicatorsVolatility

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