Baseline iMA + ATR Upper Lower Bands for MetaTrader 5 | Download FREE
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The Baseline iMA + ATR Upper Lower Bands indicator for MetaTrader 5 combines a customizable moving average (iMA) baseline with adaptive ATR-based upper and lower bands. It is used to identify dynamic price channels, highlight volatility levels, and provide precise trend-following signals for both entry and exit strategies.
Description
The Baseline iMA + ATR Upper Lower Bands indicator is a precision trading tool for MetaTrader 5 that merges two powerful concepts — the moving average (iMA) as a central trendline and the Average True Range (ATR) to calculate dynamic volatility-based envelopes. These upper and lower bands expand and contract based on current market volatility, offering a live view of price pressure and trend strength.
This tool is ideal for traders who use volatility breakouts, channel strategies, or trend continuation setups. The central iMA line serves as a dynamic baseline — a reference point for trend direction — while the ATR bands help in identifying potential overbought or oversold zones.
Whether you’re a scalper, day trader, or swing trader, this indicator helps you visually map the market’s rhythm, confirm trade entries, and manage exits more efficiently. It is especially helpful in high-volatility sessions or consolidating markets where traditional bands often fail to adapt in real time.
Advantages
Combines Trend and Volatility: Offers a clear picture of both price direction and market strength.
Adaptive to Market Conditions: ATR-based bands expand or contract with volatility.
Clear Entry/Exit Zones: Helps identify ideal breakout or mean-reversion zones.
No Repainting: Reliable indicator that doesn’t change historical data.
Reduces Noise in Ranging Markets: Filters out false signals using volatility buffer.
Great for All Strategies: Supports breakout, reversal, and trend-following methods.
Compatible with All Timeframes: Works on M1 to Monthly charts.
Useful for Stop-Loss Placement: ATR bands help calculate smarter stop distances.
Improves Risk Management: Visual risk zones based on volatility.
Free to Use: Professional grade indicator at zero cost.
Features
Customizable iMA Settings: Choose type (SMA, EMA, SMMA, LWMA), period, and applied price.
ATR-Based Bands: Upper and lower bands calculated using real-time ATR values.
Multi-Timeframe Support: Works seamlessly across all MetaTrader 5 timeframes.
Visual Baseline with Color Coding: Central line changes color based on trend direction.
Adjustable ATR Multiplier: Control the distance of bands relative to the baseline.
Non-Repainting Logic: All plotted values are locked once candles close.
On-Chart Display Panel: Quick overview of current ATR and trend direction.
Lightweight and Lag-Free: Optimized to ensure smooth performance on MT5.
Color & Thickness Customization: Full control over visual appearance.
Signal Integration-Ready: Can be used with Expert Advisors or other custom alerts.
Formula
Baseline=iMA(Price,Period,Type)
Conclusion
The Baseline iMA + ATR Upper Lower Bands for MetaTrader 5 is a versatile, all-in-one solution for traders who need a dynamic framework for both trend-following and volatility-based decision making. With its smart combination of a moving average baseline and ATR-driven channels, it enables clearer market structure reading, more accurate entry points, and better stop/target placements. Lightweight, responsive, and fully customizable, this free tool is a must-have for any MT5 trader aiming for precision and consistency in technical analysis.
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