The ATR Values Indicator is a popular and useful tool for forex traders using the MetaTrader 4 platform. This free indicator calculates the average true range (ATR) values for a specific period, allowing traders to assess market volatility and make informed trading decisions. The indicator works by analyzing price movement over a specified time frame, showing fluctuations in volatility levels. Traders can use this information to set stop-loss levels, determine profit targets, and identify potential entry and exit points. By understanding market volatility, traders can better manage risk and optimize their trading strategies. To use the ATR Values Indicator, simply install it on your MT4 platform and adjust the settings to suit your trading preferences. The indicator will then display ATR values on your chart, providing valuable insights into market conditions. Whether you’re a beginner or an experienced trader, this tool can enhance your forex trading experience.
MT4
ATR Values
ATR Values Indicator is a useful tool for forex traders on the popular MT4 platform. This free indicator calculates the Average True Range values to help traders determine market volatility and potential price movement. By analyzing ATR values, traders can make informed decisions on setting stop loss and take profit levels. The indicator is simple to use and provides valuable insights for 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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