The indicator shows the opening price of the senior time frame (e.g., 1-day time frame) and draws line indents to the opening price, thus forming a range. Depending on the parameters the indicator can be used in the trading system to trade range breakouts, or vice versa – to trade within the range.
MT5 Indicator – Download Instructions
ATR OpenIndent v2 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
ATR OpenIndent v2 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ATR OpenIndent v2.mq5?
- Download ATR OpenIndent v2.mq5
- Copy ATR OpenIndent v2.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on ATR OpenIndent v2.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ATR OpenIndent v2.mq5 is available on your Chart
How to remove ATR OpenIndent v2.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: