ATRH indicator: Built for day traders. That is what they said.
Well, in this article, we’ll see if the ATRH indicator is profitable or it is just another scam.
First of all, have a look at the chart screenshot below. This represents how the ATRH indicator will look on the MT4 trading platform.
[Screenshot on how the indicator will look in mt4]
Let’s get started.
WHAT IS ATRH Indicator?
ATRH indicator shows the actual direction of the price volatility. The buy and sell signals are generated when the ATRH indicator begins to plot either above or below the closing price.
The trend following method, as well as the calculation of the average true range and the average true range multiplier, as well as other powerful calculations like sensitivity, which controls the signal generation speed, and the average true range multiplier, which controls the number of signals produced, are used to generate the long and short signals. There is also an ATR-based trailing stop option.
As a result, combining these trading confluences will result in fewer but higher-quality trading signals.
ATRH indicator is easy to use and gives an accurate reading about…
- Ongoing market trends,
- Market Sentiment,
- Price Volatility and Momentum.
It offers an alert feature for both long and short signals, allowing traders to be informed of specific trade signals for buy or sell positions.
The ATRH indication features a beautiful chart format with red and green colours, as shown in the above chart screenshot, that displays the overall market sentiment for any financial instrument where the indicator has been utilized.
Bearish sentiment is indicated by the red background colour, whereas bullish sentiment is shown by the green background colour.
With that let’s see what are the inbuilt features of the ATRH indicator?
What Are The Benefits Of Using the ATRH Indicator?
There are 10 main benefits we talk about in this trading indicator.
#1 – Three powerful market calculations are used to generate buy and sell signals. They are average true range Multiplier, Hull moving average & Sensitivity.
#2 – Since this indicator is using lots of calculations in the backend, ATRH can clearly show trend direction, volatility, momentum & sentiment of the instrument you are trading with.
#3 – Dynamic stop-loss levels are created using an average true range calculation that begins with a long or short signal and continues to stretch until the opposite directional signal appears.
#4 – A price above the hull moving average indicates a potential bullish market move, while a price below indicates a potential bearish market move.
#5 – The ATRH indicator also generates dynamic support and resistance when the market is in either uptrend or a downtrend. The hull moving average serves as a dynamic resistance when the price is below the hull, and it acts as dynamic support when the price is above the hull. Price usually tests the hull moving average and either breaks out or pulls back.
#6 – Uses a sophisticated formula combining volatility, momentum, and trend following to provide probable long and short trade signals.
#7 – The colour of the moving average can be used to determine the strength of a trend.
- Green: up-trending market
- Red: down-trending market.
#8 – By ticking or unticking the input function entitled “Change ATR Calculation Method,” the ATR calculation method can be changed from normal (ATR) to SMA version true range inside the indicator setup.
#9 – “Reveal Long/Short Signals” can be used to turn off or on the long and short signal labels in the indicator setup.
#10 – HMA, WMA, and EMA hull types are all available. The moving average can be coloured according to the trend, and the body colour of the candles can be set up or down based on the hull moving average. Within the indicator’s settings, you can toggle between showing the hull moving average as a band or a typical thin line.
The ATRH system can provide trading signals that you can use as-is or combine with extra chart analysis to further filter the signals, which is advised.
While this strategy can be used by traders of all levels of experience, it is recommended that you practice trading on an MT4 demo account until you are consistent and confident enough to trade live.
The ATRH indicator can be configured to send you a signal alert by email, mobile notification, or platform pop-ups. This is advantageous since it eliminates the need to look at the charts all day waiting for signals to appear, and it allows you to monitor numerous charts at the same time.
Also, The ATRH Indicator System can be applied to any Forex currency pair as well as other assets like equities, commodities, cryptocurrencies, precious metals, oil, and gas. You can also use it in whatever time frame that fits you best, ranging from one minute to one month.
With that here are a few chart examples of the ATRH indicator. ?
How to Install the ATRH Indicator
1. Open MT4
2. Go to File > Open Data Folder
3. Extract the Two Folders Inside the Download File to the Data Folder.
4. Restart the MT4
5. Load the ATRH template from the Template