The indicator creates areas of preferable stop-losses location for long and short positions at any time. That can be useful for trailing stop operation.
Clouds borders consist of stop-loss high and low values for Buy and Sell positions.
MT5 Indicator – Download Instructions
SL ATR is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
SL ATR 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 SL ATR.mq5?
- Download SL ATR.mq5
- Copy SL ATR.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 SL ATR.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator SL ATR.mq5 is available on your Chart
How to remove SL ATR.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: