ATR Range Indicator: Identifying Low Volatility Periods
Info
The ATR Range Indicator: Identifying Low Volatility Periods is a Indicator for MetaTrader 5 that this indicator identifies periods of low volatility. For manual trading, wait for a signal on the hourly chart (indicated by red, blue, or yellow marks) and place breakout orders in both directions.
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 Range Indicator: Identifying Low Volatility Periods
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
This indicator identifies periods of low volatility.
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: ADX Auto Range: Automated Trend Strength and Consolidation Detection - another powerful indicator for MetaTrader 5 traders.
This indicator identifies periods of low volatility.Also recommended: Session Range Breakout: Asia, London, and New York High/Low Levels - similar indicator with strong performance on MetaTrader 5.
For manual trading, wait for a signal on the hourly chart (indicated by red, blue, or yellow marks) and place breakout orders in both directions.
An impulse move typically follows a period of low volatility. In approximately 50% of cases, this impulse is preceded by a false breakout in the opposite direction. Therefore, it is advisable to allow for a reversal order after a stop-loss is triggered.
This indicator was originally developed in MQL4 and first published on May 6, 2026.
Figure 1. The ATR Range Indicator
You may also like: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots 3
#property indicator_type1 draw_arrow
#property indicator_color1 clrblue
#property indicator_style1 style_solid
#property indicator_width1 3.......
⚠ 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.