Bheurekso Pattern
Back to products
ATR Volatility
MT5
Watch video
Click to enlarge

ATR Probability Levels

The ATR Probability Levels Indicator MT5 is a popular and free Forex indicator that is useful for traders who want to gain an edge in the Forex market. It works by plotting the Average True Range (ATR) on the chart and then calculating the probability levels of the ATR. It can be used to identify potential entry and exit points, as well as to identify potential areas of support and resistance.

Trading Style

,

,

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 321

Download now
Description

The ATR Probability Levels Indicator, a powerful and insightful tool that empowers traders to navigate the markets with increased confidence and precision.

Features of the Indicator

The ATR Probability Levels Indicator is a sophisticated technical analysis tool that leverages the power of the Average True Range (ATR) indicator to provide traders with a comprehensive understanding of the market’s behavior. By calculating the ATR over a specified period, this indicator assigns probability levels to various price points, highlighting the most likely areas of market reversal and support/resistance.

The visual representation of the indicator is both intuitive and informative, with three distinct red support levels and three blue resistance levels displayed on your MetaTrader 5 (MT5) chart. This clear and concise presentation allows you to quickly identify the current trend direction and potential turning points, enabling you to make more informed trading decisions.

How the ATR Probability Levels Indicator Can Benefit You

Incorporating the Indicator into your trading arsenal can provide you with a significant edge in the forex market. By identifying the most likely points of market reversal and support/resistance levels, this indicator can help you develop more effective trading strategies and manage your risk more effectively.

Whether you’re a seasoned trader or a newcomer to the forex market, the ATR Probability Levels Indicator can be a valuable asset. Its user-friendly interface and comprehensive analysis make it accessible to traders of all skill levels, allowing you to enhance your trading performance and potentially increase your overall profitability.

Indicator Settings

Timeframe for data: The time period (e.g. 1 hour, 4 hours, daily) for which you want to see the price levels.

ATRPeriod: The number of time periods used to calculate the Average True Range (ATR) indicator.

Color settings.

Uniq ID: The name or identifier assigned to each price level.

Labels Shift: An adjustment to move the position of the price level labels on the chart if needed.

Conclusion

The ATR Probability Levels Indicator is a powerful and versatile tool that can help forex traders navigate the dynamic market with increased confidence and precision. By providing a visual representation of the most likely support and resistance levels, this indicator empowers you to identify high-probability trading opportunities and manage your risk more effectively. Download the Indicator for MT5 today and take your forex trading to new heights.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “ATR Probability Levels”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Auto Fibonacci Retracement

Enhance MT4 analysis with Auto Fibonacci Retracement. Effortlessly plot ratios on price charts, no manual highs/lows. Accurate, customizable, time-saving.
MT4
Quick view
Add to wishlist

Central Pivot Range

Trade CPR with TC and BC using the Central Pivot Range MT4 indicator. Identify excellent pivot based breakout trade setups and identify forex market trend direction. Includes a multitude of pivot based tools including Fibo Pivots, Camarilla Pivots and Mid pivot points.
MT4
Quick view
Add to wishlist

SupDem

The SupDem indicator is a new and popular Forex trading tool that is available for free on MT4. It is designed to determine support and resistance levels by analyzing the supply and demand zones on the chart. The indicator uses color-coded columns to highlight areas of strong support and resistance, allowing traders to easily identify potential trading opportunities. By accurately analyzing supply and demand zones, the SupDem indicator can help traders make more informed trading decisions.
MT4
Quick view
Add to wishlist

Stop Loss Take Profit

Stop-loss and Take Profit indicator is a standalone indicator that provides you trading signals. You can apply it on any timeframe or any asset.
MT4
Quick view
Add to wishlist

Order Block Breaker

The Order Block Breaker Indicator is a powerful tool for forex traders, identifying areas of significant buying or selling pressure based on past price action. It works by analyzing order blocks on the price chart, making it easy for traders to see where these important levels are located.
MT4
Quick view
Add to wishlist

Daily Pivot Points

The Daily Pivot Points Indicator is a popular and free MT4 indicator that helps forex traders identify potential support and resistance levels based on the previous day's high, low, and close prices. The indicator calculates several levels of support and resistance, including the main pivot point, three resistance levels, and three support levels, which can be used to help traders identify potential entry and exit points for trades. This new and user-friendly indicator makes it easy for forex traders of all levels of experience to quickly and accurately identify potential pivot points, helping them to make more informed trading decisions.
MT4
Quick view
Add to wishlist

Fibonacci Pivots

The Fibonacci Pivots Indicator is a powerful MT4 tool for Forex traders looking to predict key levels of support and resistance.Using the Fibonacci sequence, the indicator calculates the pivot levels and displays them on the chart, making it easy to identify potential entry and exit points. The Fibonacci Pivots Indicator works best in trending markets and can be used on multiple timeframes, making it suitable for both short-term and long-term traders. With its clear and easy-to-use interface, this indicator is a valuable addition to any trader's toolbox.
HotMT4
Quick view
Add to wishlist

Support & Resistance

The Support & Resistance indicator for MT4 is the best support/resistance indicator for trend reversal/continuation detection.