The NR4ID ATR indicator is a highly useful tool for forex traders using the MetaTrader 4 platform. This popular indicator is widely used by traders to gauge market volatility and potential price movements. The indicator calculates the average true range (ATR) based on the last 4 candle bars, helping traders identify potential breakouts and trends in the market. One of the key features of the NR4ID ATR indicator is its simplicity and ease of use. Traders can easily add the indicator to their charts and customize the settings to suit their trading style. The indicator provides clear signals when the market is experiencing low volatility, which can be a sign of potential trend reversals or breakouts. Best of all, the NR4ID ATR indicator is available for free, making it accessible to all forex traders looking to improve their trading strategies.
MT4
Nr4Id Atr
NR4ID ATR Indicator is a popular and useful forex indicator that is available for free on MT4. It works by identifying days with a narrow range compared to the previous 3 days. Traders can use this information to anticipate potential breakouts or reversals in the market. Simply add the indicator to your chart and watch for signals based on its readings.
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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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