The ATR Ratio Forex indicator for Metatrader 4 is used to confirm entry and exit signals with the help of a blue trigger line.
The indicator displays the ATR ratio information in a sub-trading window underneath the main trading chart.
The ATR value oscillates above and below the blue horizontal trigger line.
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Download the “atr-ratio.mq4” indicator for MT4
Indicator Example Chart (GBP/USD H1)
How to trade with it (example)?
The indicator itself does not give any valuable buy or sell signals.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Short ATR, long ATR, trigger level, color settings & style
Indicator type: ATR
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Download the “atr-ratio.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The ATR Ratio Forex indicator needs to be combined with an existing strategy or system.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the atr-ratio.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.