ATR Ratio Indicator
Info
The ATR Ratio Indicator is a Indicator for MetaTrader 5 that atr ratio indicatorthe atr ratio indicator calculates the ratio between the fast and slow average true range (atr). Indicator InterpretationThe ATR Ratio often reaches high values following quick and strong price movements.
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 Ratio 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
ATR Ratio IndicatorThe ATR Ratio indicator calculates the ratio between the fast and slow Average True Range (ATR).
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: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.
ATR Ratio IndicatorThe ATR Ratio indicator calculates the ratio between the fast and slow Average True Range (ATR).
Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
Indicator Interpretation
The ATR Ratio often reaches high values following quick and strong price movements. Conversely, low indicator values typically correspond with prolonged periods of market consolidation or sideways movement, observable at market tops and during consolidation phases.
This indicator can be interpreted using similar rules applied to other volatility indicators.
Forecasting Method:
- A higher indicator value suggests a greater probability of a trend change.
- A lower indicator value indicates a weaker trend movement.
If the indicator value rises above the blue horizontal line, it signals a potential buying or selling opportunity.
Volatility Correlation:
- High ATR Ratio price levels often correlate with high volatility.
- Low ATR Ratio price levels correlate with low volatility, as prices stabilize or move within a channel, approaching a potential breakout point.
Usage Considerations:
The indicator alone may not provide sufficient trading signals and is best used in conjunction with other technical indicators.
Volatility movements tend to occur in the direction of the prevailing trend. Similar to trend-following systems, volatility systems may not perform optimally during flat or sideways market conditions.
This indicator was originally developed for MQL4 and first published on 08.08.2026.
You may also like: Session High-Low Indicator for MetaTrader - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 mediumorchid
#property indicator_style1 style_solid.......
⚠ 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.