Understanding the settings

Using the MT4 True RSI indicator is simple. You are essentially looking for areas that price is going to reverse from in advance.

ATRPeriod = 14
This is the period which you're applying to the ATR. A value of 14 means you are taking the past 14 bars.

ATRMultiplier = 5
This takes the ATR value from (1) and multiplies it. A value of...