Follow the MT5 indicator installation guide for file locations, chart setup and troubleshooting. The walkthrough uses ATR Risk Bands; use this indicator’s own inputs and dependencies.
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TF ATR Risk Bands
Four configurable volatility bands visualize stop- and target-distance references around each close. The indicator never places orders.
What is plotted
| Upper target | Close + 4 ATR 14 |
|---|---|
| Upper stop reference | Close + 2 ATR 14 |
| Lower stop reference | Close − 2 ATR 14 |
| Lower target | Close − 4 ATR 14 |
All periods and multiples are editable. The lines show distance only; they do not know entry direction, structure, account size or broker execution.
Normalize distance
Compare the same nominal stop across quiet and volatile regimes, or use the bands as a visual check before calculating actual position size.
Not a sizing model
A band does not determine whether a stop is technically valid or how many lots to trade. Portfolio risk remains separate.
Use in MT5
- Copy to
MQL5/Indicators. - Attach it and choose ATR period and multiples.
- Compare the bands with market structure.
- Calculate monetary risk before any trade.
Auditable release
Compiled with 0 errors and 0 warnings. ZIP SHA-256: a231ac586eed850d24fbbd3a4c8a296e4d21e4f9e78cf7d1f264c95e0320340f.
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