ATR High Timeframe Signal Indicator
Info
The ATR High Timeframe Signal Indicator is a Indicator for MetaTrader 5 that the atr high timeframe signal indicator displays trend direction or trade signals generated by the indicator at a chosen bar. It uses colored trend indications or deal directions, and also triggers alerts and plays audio signals.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ATR High Timeframe Signal Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The ATR High Timeframe Signal indicator displays trend direction or trade signals generated by the indicator at a chosen bar.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Session Time Highlighter for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
The ATR High Timeframe Signal indicator displays trend direction or trade signals generated by the indicator at a chosen bar. It uses colored trend indications or deal directions, and also triggers alerts and plays audio signals.Also recommended: HTF Candles (ICT Power of Three): Higher Timeframe Candles Displayed - similar indicator with strong performance on MetaTrader 5.
If the trend continues at the selected bar, the indicator displays a right arrow. Its color corresponds to the trend direction.
If the trend has changed at the selected bar, the indicator displays a diagonal arrow. Its color and direction correspond to the deal direction.
All input parameters can be divided into three groups:
ATR Indicator Input Parameters:
ATR High Timeframe Signal Indicator Input Parameters for Visualization:
ATR High Timeframe Signal Indicator Input Parameters for Alerts and Audio Signals:
If multiple ATR High Timeframe Signal indicators are used on one chart, each must have a unique value for the symbols_sirname string variable (indicator label names).
Place the compiled indicator file atr.mq5 in the terminal_data_folder\mql5\indicators\.
Figure 1. The ATR High Timeframe Signal indicator. A signal of uptrend continuation.
Figure 2. The ATR High Timeframe Signal indicator. A signal for opening a short position.
You may also like: Session Range Breakout: Asia, London, and New York High/Low Levels - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.