Contrast and ATR stops averages

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Contrast and ATR stops averages

Postby bartwas1 » Wed Apr 11, 2018 6:39 am

Hi guys

I found these three indicators on the net and bandied them together. I thought that they look solid and they're worth sharing - might be used as a strategy. In the screenshot below I kept ATR stops averages original settings. Contrast indicator has got one setting (coeff. 1) - it's sort of ADX placed on chart, but it seems more reliable and less affected by insignificant price changes. The last one is a contrast multi time frame heat map left with original settings. When using heat map to assess price tendencies/bias/direction I would use ratio 1:4. For example for 15 m I'd have taken into account alignment between 15m, 30m and 1h - 4h is too far away to affect significantly trading on 15m chart. Anyway - that' s my opinion.

Kind regards
Bart
Attachments
GBPUSDM15.png
ATR- Stops averages (mtf + alerts).ex4
(140.49 KiB) Downloaded 228 times
##Contrast.ex4
(8.24 KiB) Downloaded 229 times
##Contrast-mtf.mq4
(6.09 KiB) Downloaded 232 times
bartwas1
 
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