I just released my first product in MQL5.com, Average Hourly Range.
Basically it is a script that will return the average hourly range of the currency pair that you run the script on.
With this piece of statistics, you can:
- clearly identify the volatile and low volatile period
- greatly enhance your trading system TP and SL levels
How does this compare to ATR
- ATR calculates its values based on the previous bars and it lags.
- AHR calculates its values based on the history hours.
Visit this link http://mql5.com/9ga to see pictures
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