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 - 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 - 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.
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.
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.