How to Add MT4 ATR Indicators on MT4 Chart
Step 1: Open MetaTrader 4 Software Navigator Window
Open MT4 Navigator panel as shown on example below: Go to 'View' menu (click), then select the 'Navigator' panel (click), or From Standard Tool Bar click the 'Navigator' button or press keyboard MT4 short-cut keys 'Ctrl+N'
On MT4 Navigator window, choose "Indicators", by Double Clicking
How Do You Use MetaTrader 4 ATR Indicator in MT4?
How to Add ATR MT4 Indicator
Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will then appear as (-) & will now display a list of MT4 indicators as shown on example below - select the ATR indicator from this list of MT4 indicators so that you can add the ATR MT4 indicator on MetaTrader 4 chart.
How Do I Use MT4 ATR Indicator in MT4?
How to Place Custom ATR Indicator on MT4 and How to Install ATR Indicator Meta Trader 4
If the MT4 indicator that you want to add on the MT4 charts is a custom MT4 indicator - for example if the ATR indicator that you want to add is a custom MT4 indicator you will need to first add this custom ATR MT4 indicator on MetaTrader 4 platform & then compile custom ATR indicator so that the newly added ATR MT4 custom indicator pops up on the list of custom indicators on MT4 software.
To learn how to add ATR indicators on MT4 - how do you add ATR indicator window to MT4 platform? - how do you add ATR custom technical indicator on MT4? - How to add a custom ATR custom indicator in MetaTrader 4.
How Do You Use ATR MT4 Indicator?
Average True Range Indicator
Created by J. Welles Wilder
ATR indicator is a measure of volatility - ATR indicator measures the range of price movement for a particular price period. The ATR indicator is a directionless indicator and it does not determine the direction of the trend.
How Do I Add MT4 ATR Indicators on MT4 Chart
How Do I Use MT4 ATR Indicator in MT4?
High ATR indicator values signal market bottoms after a sell off.
How Do You Use MetaTrader 4 ATR Indicator on MetaTrader 4?
Low ATR indicator values signal extended periods of range sideways price movement - Forex Range, such as those found at market tops & price consolidation periods. Low ATR indicator values are typical for periods of sideways movement of long duration which happen at the top of the market and during a consolidation.
Calculation of ATR Indicator
ATR indicator is calculated using the following:
- Difference between the current price high & the current price low
- Difference between previous closing price and the current price high
- Difference between previous closing price & the current price low
The final average is calculated by adding these values and calculating the average.
How to Generate Buy and Sell Signals
ATR indicator can be interpreted using the same principles as other volatility indicators.
Possible trend change signal - The higher the ATR indicator value - the higher the probability of a market trend change;
Measure of trend momentum - The lower the ATR indicator value - the weaker the market trend move.
How Do I Use MT4 ATR Indicator in MT4?
How Do You Use MetaTrader 4 ATR Indicator in MT4?
