The ATR Levels Indicator is a free and popular Forex indicator for the MT4 platform. It is an incredibly useful tool for traders as it helps to calculate and display the Average True Range (ATR) of a currency pair. The ATR Levels Indicator is a great way to gain insight into the volatility of a currency pair, as it shows the average range over a specified period of time. This indicator is especially helpful for traders who are looking to identify key levels of support and resistance. The ATR Levels Indicator is easy to install and use. Once installed, it will display the ATR levels of the selected currency pair. The indicator can be used to identify support and resistance levels for the currency pair. The ATR Levels Indicator can also be used to identify potential entry and exit points for trades. The ATR Levels Indicator is a great tool for traders who want to get an idea of the volatility of a currency pair.
MT4
ATR Levels
The ATR Levels Indicator is a popular and free Forex indicator for MT4. The indicator works by plotting lines on the chart which represent the Average True Range (ATR) of the market. The ATR measures the volatility of the market and the indicator uses this information to plot the lines. The lines can be used to identify potential areas of support and resistance, which can help traders make better trading decisions. The indicator is easy to use and can be a valuable tool for any trader who wants to take advantage of the volatility in the Forex market.
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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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