Average True Range (ATR)

ATR Indicator Forex

Forex MT4 indicator ATR Download: ATR.mq4
Forex MT4 indicator ATR histogram Download: ATR_histogram.mq4

Developed by Wilder, ATR gives Forex traders a feel of what the historical volatility was in order to prepare for trading in the actual market.

Forex currency pairs that get lower ATR readings suggest lower market volatility, while currency pairs with higher ATR indicator readings require appropriate trading adjustments according to higher volatility.

Read entire post >>>


Thanks. You have cleared out a lot of dust off the way.I now understand some good concepts regarding the use of ATR and its value in shaping profitable trades. My trading may never be the same again.God bless you abundantly.

Thanks alot

Very good explanation indeed!
Keep up the good work.


very clear and concise explaination of ATR. Thank you

Another filtering tip: For time frames of an hour or less I set the ATR to 4. Then I put a 13 ema of the ATR in the same window. If the ATR is moving above the 13 ema trade, if below don't trade(can also trade if ATR is moving up even if below the 13 ema). Upward movement indicates a strengthening trend and downward movement indicates a weakening trend.

That's a great one to know. Thanks a lot!

Perfect Article

Would be great to hear more about these indis,- VoltyChannel_Stop.mq4, ChandelierExit.mq4, how they are calculated.
BTW great site. Thanks for usefull info.

You have just gotten into my best 5 teachers of all time.
well taught
Dr Julius Ssemakula


Fantastic explanation. The author is a pro!

I speak poquito english but I understood very well this interpretation of ATR, gracias amigo y que viva los amigos!!!

Great Description!

thank you. it was very good.

Question: In MetaTrader 4 how can I add the 13 EMA to the ATR window? Thanks CT

Thank you so much


well explained. Thanks a lot.

To put 13 EMA on to the ATR window. Click on Moving average then Drag and Drop it to ATR window then put in your period setting -e.g. 13 - & 'Exponential' then where it says 'Apply to' you choose 'first indicator window' from the drop down menu. Press OK! Hey Presto it is there!

Hope that helps.

Also, the explanation about the ATR is very comprehensive. Thanks.


Gut geführte Webseite mit anschaulichen Informationen. Macht weiter so.
(Well-managed website with descriptive information. Makes the good work.)

I have been reading about the explanation of ATR endlessly from various sources, never sure if I was truly understanding it. I'm only confident in my understanding of it now due to the price chart presented at this site showing the small and large channels of candlesticks corresponding to small and large ATR. This one depiction that I've never seen anywhere else has made all the difference in my understanding.

Clear and well written. Thank you.

Excellent presentation and description. Thanks.

Good description of atr however I find the values you use a bit subjective. eg using 30% 50% etc of atr as trailing stop. There no definate values for given market situations

Thank you so much for this website

Mary, thanks too for the additional information. All the best

Post new comment

Welcome, Humans!