Summary of 💹 ATR Channel Indicator MetaTrader 4&5 Download - Free - [Trading Finder]💵

The video tutorial focuses on the ATR Channel Indicator available for download on the Trading Finder website, specifically for MetaTrader 4 and MetaTrader 5 platforms. The tutorial explains how to install and configure the indicator on trading charts.

Main Financial Strategies and Methodology:

• Installation of the ATR Channel Indicator:
  • Download the indicator file from the Trading Finder website.
  • Use the Navigator to select the indicator file and drag it onto the chart.
  • Activate the "allow DET trending" option and confirm to execute the indicator.
• Configuration of the Indicator:
  • The indicator draws channel lines using a moving average for the middle line and ATR coefficients for the other lines.
  • Settings available include:
    • Adjusting the type and period of the moving average.
    • Setting ATR coefficients (1, 2, and 3).
    • Choosing the calculation type of ATR (closing price, opening price, highest price, lowest price).
    • Adjusting the channel shift to determine the position of the channel relative to the current candle.
    • Selecting the indicator's theme or template (auto, light, dark, custom).

Steps to Apply the Indicator:

1. Download the ATR Channel Indicator from Trading Finder.
2. Open MetaTrader and access the Navigator.
3. Drag the indicator onto your chart.
4. Activate the "allow DET trending" option and confirm.
5. Adjust the settings for the moving average and ATR coefficients as desired.
6. Choose the calculation type for ATR.
7. Set the channel shift option.
8. Select a theme/template for the indicator display.
9. Confirm the settings to apply the indicator to the chart.

Presenters/Sources:

• Trading Finder (source of the ATR Channel Indicator)
• The video presenter (not explicitly named in the subtitles).

Notable Quotes

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Category

Business and Finance

Video