Adaptive ATR – indicator for MetaTrader 4

One more in the series of indicators that are usually not made as adaptive : this is an adaptive ATR for metatrader 4.

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Apart from being adaptive, there is one more deviation in it – it is calculating average range (not average true range). The difference is subtle but it exists. It means that unlike the average true range (that checks if there was a gap when compared to previous bar), this indicator is calculating average range of high to low. And that is it. It is, as it is obvious from previous description, “ignoring” the gaps and that way it is calculating only the “effective” ranges

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Adaptive ATR - indicator for MetaTrader 4 3
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Adaptive ATR - indicator for MetaTrader 4 4

MT4 Indicators – Download Instructions

Adaptive ATR is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below: