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ATR Ratio Buy/Sell Forex Indicator (MT5)

    ATR Ratio is a free Metatrader 5 technical indicator composed of a fast and slow Average True Range and it provides excellent trading signals on the chart.

    The indicator is very reliable, lightweight, and will not slow down your Metatrader 5 trading platform.

    The default periods are set as follows: ATR Fast: 7, ATR slow: 49.

    Buy & sell signal:

    • A buy trade occurs when the purple signal line crosses back above the 0.00 level from below.
    • A sell trade occurs when the purple signal line crosses back below the 0.00 level from above.
    • Stop and reverse the position when an opposite signal gets printed on the chart.

    The Amazing Forex Signals indicator can be used as a standalone trading tool for both trade entry and exit.

    It can also be used as an additional signals indicator that works together with an existing trading strategy or system of your preference.

    Free Download:

    Download the “atrratio.mq5” indicator for MT5

    Indicator Example Chart (EUR/USD M15)

    The picture below shows the ATR Ratio indicator in action on the MT5 trading chart.

    After you downloaded and installed the indicator on the MT5 trading platform, it should look like the image as shown above.

    Trading Tips:

    Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the ATR Ratio Forex signals indicator.

    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)

    Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

    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: Signal

    Does the indicator repaint? No.

    Download Now:

    Download the “atrratio.mq5” 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 atrratio.mq5 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.

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