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ATR Range Indicator (MT5) — review, price and free alternatives
MT5 indicatorfree on MQL5by Denis Kislicyn
ATR Range Indicator is a free MetaTrader 5 indicator by Denis Kislicyn on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
ATR Range Indicator — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Denis Kislicyn
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded ATR Range Indicator on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
ATRRange-MT5-Ind — an indicator for MetaTrader 5 that builds volatility channels based on ATR with three multiplier levels.
Before you use ATR Range Indicator
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on ATR Range Indicator
Compiled from its public MQL5 listing. FxRobotEasy has not traded ATR Range Indicator; what these notes say about how it works comes from that listing.
Overview
The indicator calculates the Average True Range over a configurable period and draws three channel pairs around the closing price using independent multipliers.
What makes ATR Range Indicator unique is the combination of three multiplier tiers that offer layered context: traders can monitor the inner blue channel for tight consolidation, the orange mid channel for standard volatility swings, and the outer red band for extreme moves. The algorithm itself is deterministic and transparent: it computes ATR using the chosen ATR Period (default 14) then multiplies ATR by Multi1, Multi2 and Multi3 to form channel offsets. This design keeps CPU usage low on MT5 while allowing easy parameter sweeps and detailed performance analysis when optimizing across instruments.
In practice ATR Range Indicator works best on FX majors, indices, and liquid commodities where ATR readings are meaningful; it can be adapted to shorter intraday timeframes or higher timeframes for trend confirmation. Risk management remains a trader responsibility: the indicator provides channel-based entries and suggested stop placement beyond a chosen outer band, while position sizing should follow percentage risk rules.
Risk notes
Risk profile for ATR Range Indicator is moderate when paired with disciplined stop placement and conservative sizing. The indicator itself does not set a mandatory stop loss; traders should place stops beyond the selected outer channel or use volatility-adjusted percentage stops. Position sizing should follow fixed fractional risk, for example 0.5% to 2% of account equity per trade depending on drawdown tolerance. The tool is vulnerable in extremely low-liquidity conditions or during news spikes where ATR may expand rapidly and produce false breakouts.
Listed strengths
- Adaptive channels that respond to changing volatility
- Simple, transparent ATR-based calculation method
- Three-tier channels provide multi-level trade context
- Low CPU usage for multi-chart MT5 setups
- Easy to integrate with rule-based strategies
Worth checking
- No built-in money management or automated exits
- Can produce false signals during high-impact news
- Requires parameter tuning per instrument and timeframe
- Less effective on very low-liquidity micro pairs
Setup
Install the ATR Range Indicator file into the MT5 Indicators folder, then restart MetaTrader 5 and attach the indicator to any chart. Configure the ATR Period (default 14) and set Multi1, Multi2 and Multi3 to desired multipliers for inner, mid and outer bands. Use brokers with low spreads and reliable fill execution, ideally ECN or STP accounts for FX and liquid CFDs for indices. Optimal chart timeframes are H1 for intraday balance and D1 for swing strategies. Run forward testing on a demo account and perform parameter optimization before deploying on live accounts.
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ATR Range Indicator or Scalperology AI?
| ATR Range Indicator | Scalperology AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Denis Kislicyn | FxRobotEasy |
ATR Range Indicator — questions
What is ATR Range Indicator?
ATR Range Indicator is a MetaTrader 5 indicator published on the MQL5 Market by Denis Kislicyn, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
What strategy does ATR Range Indicator use?
What makes ATR Range Indicator unique is the combination of three multiplier tiers that offer layered context: traders can monitor the inner blue channel for tight consolidation, the orange mid channel for standard volatility swings, and the outer red band for extreme moves. The algorithm itself is deterministic and transparent: it computes ATR using the chosen ATR Period (default 14) then multiplies ATR by Multi1, Multi2 and Multi3 to form channel offsets. This design keeps CPU usage low on MT5 while allowing easy parameter sweeps and detailed performance analysis when optimizing across instruments.
Does ATR Range Indicator work on MT4 or MT5?
ATR Range Indicator runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
Is ATR Range Indicator free to download?
Yes -- ATR Range Indicator is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-01-23. The file is downloaded from the developer's (Denis Kislicyn) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for ATR Range Indicator?
FxRobotEasy has not traded ATR Range Indicator on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for ATR Range Indicator elsewhere comes from its developer or from a third party.
How is ATR Range Indicator installed and set up?
Install the ATR Range Indicator file into the MT5 Indicators folder, then restart MetaTrader 5 and attach the indicator to any chart. Configure the ATR Period (default 14) and set Multi1, Multi2 and Multi3 to desired multipliers for inner, mid and outer bands. Use brokers with low spreads and reliable fill execution, ideally ECN or STP accounts for FX and liquid CFDs for indices. Optimal chart timeframes are H1 for intraday balance and D1 for swing strategies. Run forward testing on a demo account and perform parameter optimization before deploying on live accounts.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.