ATR Filter Oscillator MT5 Download – Free – [TradingFinder]

The ATR Filter Indicator is designed to reduce the impact of unreal market fluctuations and can provide accurate signals for buy and sell positions. The structure of this indicator is based on a combination of the Average True Range (ATR) and a Moving Average (MA), resulting in the measurement of market volatility under various conditions.

ATR Filter Oscillator Specifications Table

The specifications of the ATR Filter Indicator are presented in the table below.

ATR Filter Indicator at a Glance

In the operation process of the ATR Filter Indicator, the "ATR" value is first calculated for a specific period, and then a moving average is applied to this value.

In general, when the ATR line crosses above the moving average and stays above it, this condition can indicate the market’s tendency toward bullish movement. Conversely, if the ATR line remains below the average, this is usually associated with the strengthening of a bearish trend.

Bullish Trend

Based on the data from the XAU/USD (Gold to USD) chart on the 1-hour timeframe, the blue line (ATR) crosses the moving average and remains below it. This condition may indicate a dominant bullish flow in the market. Additionally, the point where the two lines intersect is considered a suitable entry point for a buy position.

Bearish Trend

In the AUD/USD (Australian Dollar to US Dollar) chart on the 30-minute timeframe, the ATR Filter Oscillator shows a continuation of the bearish market trend. As shown in the chart, the ATR line crosses below the red moving average line and moves in the lower zones. This situation may be interpreted as a sign of bearish dominance in the market.

ATR Filter Indicator Settings

The settings of the ATR Filter Oscillator are as shown in the image below:

• ATR Period: The period used for calculating the ATR value
• MA Period: Number of candles used to calculate the moving average
• MA Method: The type of moving average
• MA Shift: The offset value applied to the moving average line

Conclusion

The ATR Filter Indicator, by combining the ATR volatility index and moving average, separates real market conditions from excess noise.

This indicator only issues signals when market volatility becomes significant. As a result, analysis accuracy improves and the probability of false entries is reduced. Additionally, this tool can effectively enhance trading strategies in volatile market conditions.