The ADR SL Noline Forex indicator for MT4 can be used together with an existing strategy or system for accurate trade entry and exit.
The indicator is based on ADR and includes risk to reward ratio (default: 3.0) that can be modified by editing the indicator’s inputs tab.
The ADR SL Noline Forex indicator displays all values for today, 1 day, 5 day, 10 day, 20 day and 60 day.
Indicator Example Chart (EUR/USD H1)
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Risk to reward ratio, color settings & style
Indicator type: ADR
Works for any trade style: scalping, day trading and swing trading .
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the adr-sl-noline-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
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 button in the chart with the indicator attached onto it.
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.