Phoenix ATR Volatility Meter
- Indicators
- Version: 1.0
Phoenix ATR Volatility Meter (MT5)
Real-time volatility monitoring tool for MetaTrader 5. Uses Average True Range (ATR) to display current market volatility on your chart.
Purpose
Market volatility directly impacts stop placement, position sizing, slippage, and strategy effectiveness. Trading without awareness of volatility often leads to oversized risk in fast markets or wasted opportunities in quiet conditions.
The Phoenix ATR Volatility Meter calculates ATR using current chart data and displays the value clearly on your chart. The meter updates in real time and automatically adapts to symbol and timeframe changes, allowing traders to assess whether the market is calm, active, or highly volatile.
Installation
Download from MQL5 Market and attach to any chart. The meter appears immediately and requires no configuration.
Requirements
MetaTrader 5 build 3280 or higher. This is a custom indicator. Uses ATR for volatility measurement and works with all brokers and instruments. ATR values depend on selected timeframe.
Feedback & Reviews
If you find this tool useful, please consider leaving a 5-star review on MQL5. Your feedback directly shapes future Phoenix updates, improvements, and new tools — we build more of what traders actually value.
Support
Lifetime support via MQL5 Private Message. Response within 24 hours.
Developed by Phoenix Global Investments Ltd
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