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Average True Range Candles

The Average True Range (ATR) indicator for MetaTrader will paint the candles on the chart according to the ATR indicator. The settings for the ATR indicator candles can be set by the trader. In the example below, the ATR indicator has the values:
  • ATR Period 10
  • Multiplier 2
Average True Range Candles indicator Metatrader
An ATR candles indicator for MetaTrader
Metatrader chart
Same chart without the ATR Candles indicator
The trader can also set the ATR candles color and, if choosing color 'none' for the ATR line indicator, to hide it (as seen above).
The ATR Candles indicator can be used to understand how the price moves and show the swings that the price forms. With the correct settings for the current chart and time frame, it can be successfully used to enter/exit trades based on the color as it can show exactly when the price reverses.
You can download this RobotFX MT4 indicator for free from here.

Clients' Benefits:

- One time payment - no monthly/yearly/etc subscription fees
- All the indicators/experts/scripts/templates used in this strategy
- Free updates for life - per client's request

Remember that the FREE download offers the same functionality as the paid one, however it can only be used on DEMO accounts.

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