Use ATR to adjust Deviation on Envelopes Indicator
-
Hi all
I am trying to create a EA that adjusts the entry criteria of a breakout of the envelope indicator so the deviation matches the ATR +1. So if the ATR is 0.004 I want the EA to enter on a breakout of deviation 0.5
If the ATR is 0.001 I want the EA to enter on deviation 0.2.
Is this possible -
Is that break out candle 1 (+)(-)ATR, or or something else?
-
price going beyond the envelope
-
What price is the envelope starting from?
-
This gets the ATR to the nearest: https://fxdreema.com/shared/2YucVVgre you can use this variable in any blocks, including the condition using envelopes, you can't use this on the indicator display but it will work with this.