The Gideos atr indicator for Metatrader 4 (MT4) can be used for precise trade entry and exit or can act as a trend confirmation tool when used together with your favorite trading strategy or system.
The indicator pops up in the main MT4 chart as a trend-following purple colored channel.
Key Takeaways:
- The trend is rising when the Gideos atr indicator is sloping up.
- The trend is declining when the Gideos atr indicator is sloping down.
Buy & Sell Trade Example
- Open a buy trade at the lower channel band when the Gideos atr channel is sloping up.
- Open a sell trade at the upper channel band when the Gideos atr channel is sloping down.
- Take profit at the opposite band.
The Gideos atr indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “gideos-atr-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Gideos atr mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Gideos atr indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend channel
Does the indicator repaint? No.
Download Now
Download the “gideos-atr-indicator.mq4” indicator for Metatrader 4
