Exponential average true range reduces the lag by applying more weight to recent prices.
The weighting applied to the most recent price depends on the number of periods.
Calculation is exact the same as in Exponential Moving Average.
MT4 Indicator Download – Instructions
ATR exponential is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
ATR exponential provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ATR exponential.mq4?
- Download ATR exponential.mq4
- Copy ATR exponential.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on ATR exponential.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ATR exponential.mq4 is available on your Chart
How to remove ATR exponential.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: