Gideon’s ATR Indicator is a popular and useful forex indicator designed for the MT4 platform. This free indicator is widely used by forex traders to measure market volatility and make informed trading decisions. The Average True Range (ATR) is an essential tool used to determine the level of market volatility by measuring the range between the highs and lows of each candlestick. Gideon’s ATR Indicator takes the ATR calculation a step further by providing a clear visual representation of the market volatility, allowing traders to easily identify potential trading opportunities. This indicator is easy to use and can be applied to any currency pair and timeframe on the MetaTrader4 platform. By providing a visual representation, it enables traders to have a better understanding of the market conditions and adjust their trading strategies accordingly. Traders can also use this indicator to set stop-loss and take-profit levels, based on the volatility of the market. Overall, Gideon’s ATR Indicator is a valuable tool for forex traders, providing them with essential information about market volatility and assisting them in making informed trading decisions.
MT4
Gideons ATR
Gideon’s ATR Indicator is a popular and useful forex indicator for MT4. It is a free tool designed to measure market volatility using the Average True Range (ATR) method. This indicator helps traders identify potential entry and exit points by analyzing price movements. Gideon’s ATR Indicator is easy to use and provides valuable insights into market trends and risk levels. Improve your forex trading strategy with this reliable and efficient indicator.
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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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