ATR Range Indicator for MT5 FREE DOWNLOAD

In the fast-paced world of trading, understanding market volatility and trends is vital for making informed decisions. Traders rely on technical indicators to gain insights into price movements and risk assessment. One such tool that stands out is the ATR (Average True Range) Range Indicator for MetaTrader 5 (MT5). In this article, we will delve into this indicator, its features, and how it empowers traders to manage volatility-based strategies effectively. The best part is that it’s available for free, providing access to traders of all levels.


The ATR Range Indicator is a specialized technical analysis tool designed for the MT5 trading platform. It leverages the Average True Range (ATR) metric, which is typically used for measuring market volatility. The indicator takes this concept a step further by visualizing ATR as a range, offering a unique approach to assessing volatility and potential price movements.

Understanding the Importance of ATR

Before exploring the features of the ATR Range Indicator, it’s crucial to comprehend the significance of ATR in trading. The Average True Range is a volatility indicator that measures the average price range over a specified number of periods. It provides valuable insights into the level of volatility in the market, helping traders assess risk and make well-informed decisions.

Features of the ATR Range Indicator

1. Customizable Parameters:

The ATR Range Indicator is highly customizable, allowing traders to adjust the indicator’s parameters to suit their specific trading strategies and preferences. This includes modifying the period used for ATR calculations and other settings.

2. Visual Clarity:

The indicator maintains a user-friendly interface, ensuring that traders can easily interpret the information. It provides a clear visual representation of ATR as a range, making it accessible to traders of all experience levels.

3. Real-Time Data:

For traders who seek real-time information, the indicator can provide current market data, ensuring that traders have up-to-the-minute insights into market volatility.

4. Risk Management:

One of the primary uses of the ATR Range Indicator is for risk assessment and management. Traders can utilize ATR values to determine appropriate stop-loss and take-profit levels, thereby improving their risk management strategies.

Applying the ATR Range Indicator

Traders can harness the power of the ATR Range Indicator in various ways:

  • Setting Stop-Loss and Take-Profit Levels: By using ATR values, traders can set stop-loss and take-profit orders that are based on market volatility, resulting in more accurate risk management.
  • Volatility-Based Strategies: The indicator can be used to identify high and low volatility periods, which is particularly useful for traders employing volatility-based trading strategies.
  • Position Sizing: ATR values can help traders determine the appropriate position size for each trade, ensuring that they don’t overcommit their capital in highly volatile markets.
  • Volatility Breakouts: Traders can look for opportunities to enter trades when price movements break out of the ATR-defined range, signaling potential trends or significant price movements.


The ATR Range Indicator for MT5 is a valuable addition to any trader’s toolkit. Its ability to visualize ATR as a range provides a unique perspective on market volatility. The fact that this indicator is available for free ensures that traders of all levels can access this powerful tool.

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