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Indicators: AverageOfATR

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Automated-Trading
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Automated-Trading  

AverageOfATR:

The average of ATR (AATR) is a simple but efficient indicator to use for confirmation with any Price Action strategy. It compares ATR with its moving average.

The confirmation rule is simple: if the ATR line crosses its average from bottom up, you should analyze the price action or open an order based on your signal.

Fig.1. The AverageOfATR indicator

Fig.1. The AverageOfATR indicator

Author: Nikolay Kositsin

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