MQL5/MQL4 conversion of "UT Bot Alerts" by QuantNomad (TradingView). ATR-based adaptive trailing stop with 4-branch recursive logic that generates buy/sell signals on price crossovers. Features color-coded trail line, signal arrows, bar coloring, Heikin Ashi support, and configurable alerts. Non-repainting.
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Trend-following technical indicator based on the Average True Range (ATR). It calculates dynamic bands by applying a volatility multiplier to the price.
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Examples from the book MQL5 Programming for Traders - author Stanislav Korotky
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firebase-adminsdk-fbsvc@xenon-respect-485202-t0.iam.gserviceaccount.com
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