How to Add ATR Indicator on MetaTrader 4 Charts - Adding MT4 ATR Chart Indicator

Step 1: Open the Navigator Window on Trading Platform

Open Navigator panel as shown and illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' window panel (click), or From Standard Tool-Bar click the 'Navigator' button or press key-board short cut keys 'Ctrl+N'

On Navigator window, choose 'Indicators', (Double Click)

How Do I Add ATR Indicator in MetaTrader 4? - MT4 ATR Indicator - ATR Indicator Settings on MT4

How Do You Add ATR Indicator on MetaTrader 4 - MT4 ATR Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding ATR MT4 Chart Indicator

Expand menu by clicking expand button marker (+) or doubleclick the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the ATR chart indicator from this list of indicators so that to add the ATR indicator on the chart.

How to Add ATR Indicator on Forex Chart - How Do I Add ATR Indicator on MT4 Charts? - ATR Value Indicator MetaTrader 4

How Do I Add ATR Indicator - From the Above window you can then place ATR indicator that you want on the chart

How to Add Custom ATR Indicator to MT4

If the indicator you as a trader want to add is a custom indicator - for example if the ATR indicator you want to add is a custom indicator you will need to first add this custom ATR indicator on the MT4 platform & then compile custom ATR indicator so that the newly added ATR custom indicator pops up on the list of custom indicators in MT4 platform.

To learn how to install ATR indicators on MT4, how to add ATR indicator panel to MT4 and how to add ATR custom indicator in MT4 - How to add a custom ATR indicator in MetaTrader 4.

About ATR Indicator Explained

Average True Range - ATR Technical Analysis & ATR Signals

Created by J. Welles Wilder

This trading indicator is a measure of volatility - it measures the range of price movement for a particular price period. The ATR is a directionless indicator and it doesn't determine the direction of the trend.

ATR Indicator Settings in MetaTrader 4 - How to Add ATR Indicator in MT4 Charts - ATR Value Indicator MT4

High ATR indicator values

High Average True Range values indicated market bottoms after a sell off.

Low ATR values

Low Average True Range values showed extended periods of sideways price movement- Price Range, such as those found at market tops and consolidation periods. Low ATR values are typical for the periods of sideways movement of long duration which happen at the top of the market & during consolidation.

Calculation

This technical indicator is calculated using the following:

Difference between the current high & the current low

Difference between previous closing price & the current high

Difference between previous closing price & the current low

The final Average is calculated by adding these values & calculating the average.

Technical Analysis & How to Generate Signals

ATR trading indicator can be analyzed using the same principles as other volatility trading indicators.

Possible trend change signal - The higher the value of the technical indicator, the higher the probability of a market trend change;

Measure of trend momentum - The lower the technical indicator's value, the weaker the market trend move.

ATR Indicator Settings in MT4 - ATR Value Indicator MetaTrader 4

Technical Analysis in Forex Trading

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