The ATR Ratio Indicator is a useful Forex tool that is used to measure market volatility. It is a popular indicator among Forex traders and is available for free on the MetaTrader 4 (MT4) platform. The ATR Ratio Indicator works by calculating the Average True Range (ATR) of a currency pair. The ATR is an indicator that measures the volatility of a pair by taking into account the high, low and closing prices of the currency pair over a certain period of time. The ATR Ratio Indicator then compares the ATR of the current period against the ATR of the previous period. This comparison helps traders to identify potential entry and exit points in the market. In conclusion, the ATR Ratio Indicator is a useful Forex tool that is available for free on the MT4 platform. It helps traders to identify when the market is becoming more or less volatile and can help them to make more informed trading decisions.
MT4
ATR Ratio
The ATR Ratio Indicator is a useful and popular Forex indicator for MT4 that is available for free. The indicator works by taking the Average True Range (ATR) and dividing it by the price of the currency pair. This gives a ratio which can be used to compare different currency pairs and identify those that are more volatile than others. It is a useful tool for traders who want to take advantage of the volatility of the Forex markets.
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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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