STS_ATR_Distance Indicator for Meta Trader 4 is designed to help us see what percentage of a pre-selected Average True Range (Monthly, Weekly, Daily) the price has currently passed.
Example 1: BTC/USD H4 timeframe
STS_ATR_Distance_Indicator shows that for the last week the price has passed 81.90 % of Weekly ATR.
Example 2: Settings
With STS_ATR_Distance_Indicator you have the opportunity to choose a different ATR period, as well as a different timeframe for calculation (Monthly, Weekly, Daily, etc.).
