Introduction to the ATR Multi Time Frame Indicator
The ATR Multi Time Frame indicator is a custom forex trading indicator that displays rising and falling histogram bars.
This is the multi-timeframe tool. It means you can choose if you want to receive signals from the current timeframe or higher.
For example, you can use hourly TF for entries, but use daily TF for trend direction.
Look for long trades when histogram bars are blue. Similarly, look for sell trades when histogram bars are pink.
The indicator is located just below the making trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the ATR Multi Time Frame indicator in MT4?
Copy and paste the atr-multi-time-frame-indikator.ex4 or atr-multi-time-frame-indikator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The ATR Multi Time Frame indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.
ATR Multi Time Frame Indicator Free Download
To download the ATR Multi Time Frame Indicator for Metatrader 4 (MT4) for free just click the button below: