The ATR Ratio Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator calculates the ratio between the Average True Range (ATR) and the price to give traders a better understanding of market volatility. When the indicator is above 1, it suggests that the market is experiencing high volatility, while a ratio below 1 indicates low volatility. Traders can use this information to adjust their risk management strategies and make more informed trading decisions. To use the ATR Ratio Indicator, simply add it to your MT4 chart and adjust the settings to your preference. You can customize the period for the ATR calculation and experiment with different ratios to find the most suitable one for your trading style. This indicator is a valuable tool for both beginner and experienced forex traders looking to enhance their analysis.
MT4
Atr Ratio
ATR Ratio Indicator for MT4 is a useful tool for forex traders. This popular and free indicator calculates the ratio between the average true range (ATR) and the moving average of the ATR. It provides insight into market volatility and can help traders make more informed decisions. Simply add the indicator to your MT4 platform and use it to identify potential entry and exit points.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
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.
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