The Super ATR Bands Indicator for MT4 is a popular and useful forex indicator that traders can use to analyze market volatility and potential price trends. This powerful tool is available for free on the MT4 platform, making it accessible to all forex traders. The indicator utilizes the Average True Range (ATR) to create bands around price action, offering valuable insights into market volatility and potential reversals. These bands provide traders with a visual representation of price volatility, allowing them to make informed trading decisions. Traders can customize the Super ATR Bands Indicator to suit their trading strategy by adjusting the ATR period and multiplier. This flexibility ensures that traders can effectively use this indicator across various forex markets and timeframes. Overall, the Super ATR Bands Indicator for MT4 is a powerful and versatile tool that forex traders can rely on to make informed trading decisions based on market volatility analysis.
MT4
Super ATR Bands
Super ATR Bands Indicator for MT4 is a popular and useful forex indicator that helps traders in determining volatility levels. This free indicator displays a band around the price chart, showing the average true range (ATR) and providing an indication of potential price expansion. Traders can utilize this indicator to identify potential breakouts, set stop-loss levels, and determine profit targets. With its easy-to-use interface, the Super ATR Bands Indicator for MT4 is a valuable tool for forex traders.
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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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