The STS ATR Level Indicator for Meta Trader 4 shows real-time on the chart the ATR range of a pre-selected timeframe (Daily, Weekly, Monthly). It is calculated based on the open of the last period on the respective timeframe. This helps us know where the current price is, relative to the Average True Range for the period.
Example 1:
How the STS_ATR_Level_Indicator works with Daily ATR levels.
Example 2:
Settings of STS_ATR_Level_Indicator
