The GL MTF ATR (Average True Range) is a popular and useful forex indicator for the MetaTrader 4 (MT4) platform. It is a free indicator that provides traders with crucial information about market volatility. The indicator works by calculating the average true range over multiple timeframes, allowing users to see how volatile the market is at a glance. Traders can use this information to make informed decisions about their trading strategies, such as setting stop-loss levels and determining the optimal trade size. To use the GL MTF ATR indicator, simply add it to your MT4 platform and adjust the settings to suit your trading style. The indicator will then display the average true range data for multiple timeframes, giving you a comprehensive view of market volatility. With its user-friendly interface and valuable insights, the GL MTF ATR indicator is a must-have tool for forex traders.
MT4
GL ATR
GL MTF ATR is a useful forex indicator for MT4 that shows the average true range across multiple timeframes. It is a popular and free tool that helps traders gauge market volatility and make informed trading decisions. By using GL MTF ATR, traders can better understand price movements and adjust their risk management strategy accordingly.
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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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