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Standard Smoothed Average True Range Metatrader 5 Forex Indicator

    AATR is short for Average Average True Range, and it represents a Metatrader 5 custom forex indicator that is a standard smoothed ATR displayed as a colored histogram.

    The green histograms of the AATR MT5 custom forex indicator depicts growing values, while the red AATR Metatrader 5 forex indicator histograms suggest declining values.

    The adjustable inputs parameter on the AATR MT5 x indicator includes:

    • ATR period – defines the ATR calculation period
    • Smoothing period – defines the ATR smoothing period

    The formula that explains the AATR MT5 indicator are included below:

    AATR = SMA (ATR, Smoothing period)


    ATR – standard ATR to be calculated over the “ATR period”

    Free Download

    Download the “AATR.ex5” MT5 indicator

    Example Chart

    The USD/JPY M30 chart below displays the AATR Metatrader 5 forex indicator in action

    Basic Trading Signals

    Buy Signal: Go long when the green histograms of the AATR Metatrader 5 forex indicator breakout within the indicator window.

    Sell Signal: Go short when the red histograms of the AATR MT5 forex indicator gets displayed within ts indicator window.

    Exit buy trade: Close all buy orders if while a bullish trend is ongoing, a red histogram forms.

    Exit sell trade: Close all sell orders if while a bearish trend is ongoing, a green histogram forms.

    Tip: The AATR MT5 forex indicator has an easy visualization scheme and isn’t difficult to get a hold of.


    Download the “AATR.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart window indicator

    Customization options: Variable (ATR period, Smoothing period), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: oscillator


    Copy and paste the AATRex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL5 > Indicators (paste here)

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