Trade Stock Indices

Learn Stock Indices Trading

How To Add ATR Indicators on MT4 Stock Indexes Charts

Step 1: Open the Indices Trading Platform Navigator Window

Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”



On the Navigator window, select “Indicators”, (Double Click)

How to Add ATR Stock Indexes Indicator on MT4

How to Add ATR Stock Indexes Indicator on MT4 - MetaTrader 4 ATR Indices Indicator


Adding ATR MetaTrader 4 Indices Technical Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the ATR stock indices chart indicator from this list of stock indices indicators so as to add the ATR stock indexes technical indicator on the stock indexes trading chart.

How to Add ATR Indicator

How to Add ATR Indicator - From the Above window you can then place ATR indicator that you want on the Indices Trading chart



How to Put Custom ATR Indicator on MetaTrader 4 and How to Install ATR Indicator MetaTrader 4

If the stock indices indicator you want to add is a custom indicator - for example if the ATR indicator you want to add is a custom indicator you will need to first add this custom ATR indicator on the MT4 stock indexes trading platform and the compile the custom ATR indicator so that the newly added ATR custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.


To learn how to install ATR indicators on MetaTrader 4, how to add ATR indicator window to MetaTrader 4 and how to add ATR custom indicator on MT4 stock indexes trading platform - How to add a custom ATR indices trading Indicator on MT4.



About ATR Indices Indicator Tutorial


ATR Indices Technical Analysis and ATR Indices Trading Signals

Developed by J. Welles Wilder


This indicator is a measure of volatility - it measures the range of stock indexes price movement for a particular stock indexes price period. The ATR is a directionless indicator and it does not determine the direction of the Indices trend.

Average True Range (ATR) Indices Indicator

High ATR values

High Average True Range values indicated market bottoms after a selloff.



Low ATR values

Low Average True Range values showed extended periods of sideways stock indexes price movement- Indices Price Range, such as those found at market tops and consolidation periods. Low ATR values are typical for the periods of sideways movement of long duration which happen at the top of the stock indexes trading market and during consolidation.


Calculation


This indicator is calculated using the following:



  • Difference between the current high and the current low


  • Difference between the previous closing stock indexes price and the current high


  • Difference between the previous closing stock indexes price and the current low


The final Average is calculated by adding these values and calculating the average.



Indices Technical Analysis and Generating Indices Trading Signals


Average True Range can be interpreted using the same principles as other volatility indicators.


Possible indices trend change signal - The higher the value of the indicator, the higher the probability of a indices trend change;

Measure of indices trend momentum - The lower the indicator’s value, the weaker the indices trend movement.


Average True Range (ATR)- Sell and Buy Indices Trading Signals

Technical Analysis

 

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