The Average ATR Indicator is a useful and popular free Forex indicator for the MT4 platform. It measures the Average True Range (ATR) of a currency pair over a set period of time and then displays it as a single line on the chart. This indicator can be used to help traders identify trend direction, determine entry and exit points, and measure volatility. The Average ATR Indicator works by measuring the average range of price movements over a given period of time. This range is then displayed on the chart as a single line. It is calculated by taking the average of the high and low price of a currency pair over a certain period of time. The ATR line is then plotted on the chart in order to give traders an idea of the overall volatility of the currency pair. It is a great tool for any trader looking to gain an edge in the Forex market.
MT4
Average ATR
This free Average ATR Forex indicator for MT4 is a useful tool for measuring market volatility. ATR stands for Average True Range and it is a popular indicator used by forex traders to measure market volatility. It is a popular indicator for forex traders and can be used to help identify potential trading opportunities.
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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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