The Average True Range (ATR) indicator is a popular and useful tool for Forex traders. It is used to measure volatility in the market. The indicator can be used to identify potential trading opportunities, as well as potential entry and exit points. The ATR indicator is available for free on the MT4 platform. The ATR indicator works by measuring the difference between the high and low of a given period. It then takes the average of the differences to create a single value. This value is then compared to the previous period’s ATR value to determine the current level of volatility. The higher the ATR value, the higher the volatility in the market. The ATR indicator is a popular and useful tool for Forex traders. It can help traders identify potential trading opportunities, as well as potential entry and exit points. The indicator is available for free on the MT4 platform and is easy to use.
MT4
Average True Range ATR
The Average True Range (ATR) indicator is a popular and useful forex indicator for the MT4 trading platform. The ATR indicator works by displaying the average price movement over a certain period of time. The ATR indicator is a popular tool among traders and can be used to help improve their trading performance.
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Categories: Signal, Stochastic
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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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