Smoothed ATR, recalculated as price chart points.
It uses color to show whether the trend strengthens or weakens. The red color corresponds to the trend strengthening, the yellow color corresponds to the trend weakening.
MT5 Indicator – Download Instructions
ColorXATR is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
ColorXATR 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 ColorXATR.mq5?
- Download ColorXATR.mq5
- Copy ColorXATR.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 ColorXATR.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator ColorXATR.mq5 is available on your Chart
How to remove ColorXATR.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: