How to Set MetaTrader 5 ATR Indicator on MetaTrader 5 Charts

Step 1: Open MT5 Software Platform Navigator Window

Open MT5 Navigator window as presented on the MT5 illustration put on display below: Go to the 'View' menu (press), then select the 'Navigator' window (press), or From Standard ToolBar click the 'Navigator' button or press key board MetaTrader 5 shortcut keys 'Ctrl+N'

On the MT5 Navigator window, choose and select "Indicators", by Double Clicking

How to Edit MT5 ATR Indicator Settings - How Do I Use MT5 ATR Indicator on the MT5?

How Do You Use MT5 ATR Indicator in MetaTrader 5 Software Platform?

How to Add ATR MT5 Indicator

Expand the menu by pressing the unfold(+) button '+' or doubleclick the 'indicators' menu, afterwards this particular button will be displayed as (-) & will now display MetaTrader 5 indicators list as presented on the MT5 illustration below - select the ATR indicator from this listing of MetaTrader 5 indicators so that as you as a trader can add the ATR MT5 indicator in the MT5 chart.

ATR MT5 Indicator Settings - How Do I Edit Average True Range Indicator? - How to Set MT5 ATR Indicator on MetaTrader 5 Charts

How Do You Use MT5 ATR Indicator in MetaTrader 5 Platform Software?

How to Add Custom ATR Indicator on MetaTrader 5 and How to Install ATR Indicator MT5

If the MetaTrader 5 indicator that you want to add in the MT5 charts is a custom MT5 indicator - for example if the ATR indicator that you want to add is a custom MetaTrader 5 indicator you'll need to first add this custom ATR MT5 indicator in the MetaTrader 5 software and then compile the custom ATR indicator so that as the newly added ATR MT5 custom indicator pops up on the list of custom indicators on the MT5 software.

To learn how to add ATR indicators on MT5 software - how do you place ATR indicator panel to MT5 software? - how do you place ATR custom indicator on MetaTrader 5 software? - How to add custom ATR custom indicator in the MT5.

How Do You Use ATR MT5 Indicator?

Average True Range Indicator

Created and Developed by J. Welles Wilder

ATR indicator is a measure of forex volatility - ATR trading indicator measures the range of price movement for a particular price period. The ATR indicator is a directionless indicator & it does not determine/figure out the direction of the market price trend.

How to Set MT5 ATR Indicator - How Do You Use MT5 ATR Indicator in MetaTrader 5 Software Platform? - How Do You Set MT5 ATR Indicator on MetaTrader 5 Charts?

How Do I Add MT5 ATR Indicator on MetaTrader 5 Charts

How Do You Use MT5 ATR Indicator in the MT5?

High ATR indicator values readings signal market bottom after a sell-off.

How Do You Use MT5 ATR Indicator on MetaTrader 5 Software Platform?

Low ATR indicator values signal extended periods of range sideways price movement - Forex Range, like those found at market tops and price consolidation periods. Low ATR indicator values are typical for periods of sideways range-bound movement of long time duration which happens and occurs at the top of the market & during a consolidation.

Calculation of ATR Trading Indicator

ATR trading indicator is calculated using the following:

Difference between the current price high and the current price low

Difference between previous closing price & the current price high

Difference between previous closing price and the current price low

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

How to Generate Buy & Sell Signals

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

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

Estimate of the trend momentum - The lower the ATR indicator reading - the weaker the market trend move.

ATR MT5 Indicator Setting - ATR Indicator Sell and Buy Trading Signals

How Do You Use MT5 ATR Indicator in the MT5?