The ATR Adaptive SMA Forex indicator for Metatrader 5 is a solid buy/sell trend-following trading tool based on a simple moving average + average true range indicator.
The indicator appears in the main chart screen as two colored signal lines. Both signal lines create a simple-to-use cross-over trading system.
The first line is always colored gray while the second line could be either colored green or violet.
Generally Speaking:
- The trend is upward when the green signal line appears on the chart.
- The trend is downward when the violet signal line appears on the chart.
The ATR Adaptive SMA technical indicator works for any trading instrument that can be loaded in the Metatrader 5 platform.
The following indicator inputs and parameters can be modified: SMA period, price, color change more.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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ATR adaptive SMA.mq5 Indicator (MT5)
Chart Example
The following chart shows what the ATR Adaptive Simple Moving Average indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The ATR Adaptive SMA Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the green colored signal line gets plotted on the chart.
- Open a buy trade and place your stop loss below the most recent support area.
- Close the buy trade for a reward/risk ratio of at least 1.5, or wait for a sell signal.
Sell Signal
- A sell signal is given when the violet colored signal line gets plotted on the chart.
- Open a sell trade and place your stop loss above the most recent resistance area.
- Close the sell trade for a reward/risk ratio of at least 1.5, or wait for a buy signal.
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ATR adaptive SMA.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the ATR adaptive SMA.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration