APR Metatrader 5 Forex Indicator

The APR Metatrader 5 indicator shows the average range for a specified period.

The APR MT5 custom forex indicator is comprised of a single line that runs within its window.

There are two types of ranges that get on display; one is the High/Close, while the other is the Open/Close.

There are two ways that are available for rendering results:

Absolute values;

Relative values (which is expressed as percentage).

Free Download

Download the “APR.ex5” MT5 indicator

Example Chart

There are four APR MT5 indicator input parameters:

Timeframe – defines the timeframe for which the range is displayed;

Period – defines the period (range) for which data are displayed;

Applied price – defines the prices for the ranges

High/Low;

Open/Close.

Calculation mode – defines the calculation and display mode:

Absolute – defines the absolute values for the calculation mode;

Relative – defines the percentage values for the calculation mode.

The APR custom Metatrader 5 indicator will perform poorly as a standalone indicator, instead the indicator should be used in combination with other relevant technical studies.

The APR indicator has no business telling traders where a particular trend is heading, as such combining it alongside a trend indicator like moving averages is a plus.

The variables on the APR indicator are adjustable and it’s imperative to get a hands-on on its working for ease-of-use.

Download

Download the “APR.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (Timeframe, Period, Applied price, Calculation mode), 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

Installation

Copy and paste the APR.ex5 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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