The ATR Ratio Indicator for MT5 is a useful tool for forex traders looking to gauge the volatility of a particular currency pair. This popular indicator is available for free and can be easily integrated into your trading strategy. The ATR Ratio Indicator works by calculating the average true range (ATR) of a currency pair and comparing it to a user-defined period. This allows traders to see how volatile a currency pair has been over a certain period of time, which can help them make more informed trading decisions. To use the ATR Ratio Indicator, simply add it to your MT5 platform and set the desired period for the ATR calculation. The indicator will then display the ATR ratio on your chart, giving you a visual representation of the volatility of the currency pair. This information can be invaluable for determining stop loss levels, profit targets, and overall risk management in your forex trading.
MT5
ATR Ratio
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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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