Skip to content

APR Metatrader 5 Forex Indicator

    The APR Metatrader 5 indicator shows the average range for a specified period.

    The APR MT5 custom forex indicator is comprised of a single line that runs within its window.

    There are two types of ranges that get on display; one is the High/Close, while the other is the Open/Close.

    There are two ways that are available for rendering results:

    Absolute values;

    Relative values (which is expressed as percentage).

    Free Download

    Download the “APR.ex5” MT5 indicator

    Example Chart

    There are four APR MT5 indicator input parameters:

    Timeframe – defines the timeframe for which the range is displayed;

    Period – defines the period (range) for which data are displayed;

    Applied price – defines the prices for the ranges

    High/Low;

    Open/Close.

    Calculation mode – defines the calculation and display mode:

    Absolute – defines the absolute values for the calculation mode;

    Relative – defines the percentage values for the calculation mode.

    The APR custom Metatrader 5 indicator will perform poorly as a standalone indicator, instead the indicator should be used in combination with other relevant technical studies.

    The APR indicator has no business telling traders where a particular trend is heading, as such combining it alongside a trend indicator like moving averages is a plus.

    The variables on the APR indicator are adjustable and it’s imperative to get a hands-on on its working for ease-of-use.

    Download

    Download the “APR.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart window indicator

    Customization options: Variable (Timeframe, Period, Applied price, Calculation mode), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: oscillator

    Installation

    Copy and paste the APR.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL5 > Indicators (paste here)

    Share this post!