The AATR Forex Signal Oscillator for mt5 (Metatrader 5) is trend-following in nature and can be used for trade entries and exits.
The indicator pops up in a separate MT5 chart window as green and red colored histogram bars.
The AATR indicator is very reliable, lightweight, and will not slow down your trading platform.
Buy & sell signal:
- Open a buy trade as soon as the first green histogram bar gets printed on the chart.
- Open a sell trade as soon as the first red histogram bar gets printed on the chart.
The indicator works equally well on all trading instruments and shows promising results if used correctly.
Free Download:
Download the “aatr-indicator.ex5” indicator for MT5
Indicator Example Chart (EUR/USD H1)
The picture below shows the AATR Forex Signal Oscillator mt5 indicator in action on the trading chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 5 (MT5)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
Download Now:
Download the “aatr-indicator.ex5” indicator for Metatrader 5
How to install this indicator on Metatrader 5?
Open the Metatrader 5 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL5”
Now double click on “Indicators”
Paste the aatr-indicator.ex5 indicator in the Indicators folder.
Finally restart the MT5 platform and attach the indicator to any chart.
How to remove the indicator?
Right click with your mouse on the chart that you have the indicator attached to.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse on the chart that you have the indicator attached to.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.