The Channel Breakout ATR indicator is a useful tool for forex traders using the MT4 platform. It is a popular choice among traders because it helps identify potential price breakouts based on the Average True Range (ATR). The ATR is a measure of market volatility, and when combined with the concept of channel breakouts, this indicator can provide valuable insights into potential trading opportunities. The indicator works by plotting channels around price action based on the current ATR levels. When price breaks out of these channels, it can signal a potential trend reversal or continuation. Traders can use this information to enter or exit trades, set stop losses, and take profits. Overall, the Channel Breakout ATR indicator is a free and effective tool for forex traders looking to capitalize on price breakouts and market volatility.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Channel-Breakout-Atr-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Channel-Breakout-Atr-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Channel-Breakout-Atr-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/06/Channel-Breakout-Atr-screenshot-3-230x144.png)
Channel Breakout ATR
Channel Breakout ATR Indicator is a popular and useful forex indicator for MT4. It is free to use and helps traders identify potential breakout opportunities based on the Average True Range (ATR) indicator. By displaying a dynamic price channel, traders can determine entry and exit points for their trades. It is a valuable tool for creating a profitable forex trading strategy.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Signal
Downloads -
Description
Reviews (0)
Be the first to review “Channel Breakout ATR” Cancel reply
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.
Related products
MA Crossover Alerts
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
Darvas Boxes nmc
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
Swing Point Highs
The Swing Point Highs and Lows indicator is a new, popular and free MT4 technical analysis tool for forex traders. This indicator works by identifying swing points on a price chart and then drawing horizontal lines to indicate potential support and resistance levels. The swing point high and low indicator is a valuable tool for traders who want to identify key support and resistance levels and is suitable for both beginners and experienced traders.
My Price Action
My Price Action Indicator is a nice and accurate forex trading indicator available for free on MT4 platrorm. This indicator uses historical price data to generate visual signals by highlighting support and resistance zones, trend lines, and chart patterns that can be used to make informed trading decisions. Whether you are a beginner or an experienced trader, My Price Action Indicator can provide valuable insights into the market to help you make profitable trades.
MACD Crossover Arrows & Alert
The MACD Crossover Arrows Alert indicator is a useful and free forex indicator for the MT4 trading platform. This indicator is designed to detect and signal bullish and bearish moving average convergence-divergence (MACD) indicator crossover signals. It draws arrows on the chart to indicate the direction of the trend, making it easier for traders to identify trading opportunities. The MACD Crossover Arrows Alert indicator is a popular and free tool for Forex traders of all skill levels.
Tick V2
The Tick V2 Indicator is a new and popular forex indicator designed specifically for the MT4 platform. The green curved line in the indicator window represents the ticking line and shows the rise and fall of trading activities taking place every second, helping traders to determine the strength or weakness of the current market movement.
Reviews
There are no reviews yet.