This indicator draws an ATR envelope surrounding price action and assists you in setting proper stoploss and take profit levels.Thank you for reading this post, don't forget to subscribe!
The envelope can be drawn using median price if desired, resulting in a narrower envelope.
MT4 Indicators – Download Instructions
ATR Channel is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
ATR Channel 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 ATR Channel.mq4?
- Download ATR Channel.mq4
- Copy ATR Channel.mq4 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 ATR Channel.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ATR Channel.mq4 is available on your Chart
How to remove ATR Channel.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
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MT4 Indicators Download here: ATR Channel