The indicator can be used at any time frames
The Following input parameters can be easily changed:
- nPeriod = 13;
- Deviation = 1.618;
- MaShift = 0;
MT4 Indicators – Download Instructions
True Range Bands is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
True Range Bands 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 True Range Bands.mq4?
- Download True Range Bands.mq4
- Copy True Range Bands.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 True Range Bands.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator True Range Bands.mq4 is available on your Chart
How to remove True Range Bands.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: True Range Bands