Forex ATR Tradingview Indicator

Our custom developed Forex ATR Tradingview Indicator. The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. Specifically, ATR is a measure of volatility.

Explained ATR Indicator

The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The average true range is then a moving average, generally using 14 days, of the true ranges.

KEY TAKEAWAYS

  • Average true range (ATR) is a technical indicator measuring market volatility.
  • It is typically derived from the 14-day moving average of a series of true range indicators.
  • It was originally developed for use in commodities markets but has since been applied to all types of securities.

Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy.

Free Download

Forex ATR Tradingview Indicator

The EUR/GBP 15 minute chart below displays the Forex ATR Tradingview Indicator in action.

Forex ATR Tradingview Indicator

Installation

Copy and paste the Forex ATR Tradingview Indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove Indicator from your Metatrader Chart?

  • Select the Chart where is the Indicator running in your Metatrader 4 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

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Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit

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