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Indicators: AverageOfATR_Histogram

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Automated-Trading
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Automated-Trading 2016.04.14 08:05 

AverageOfATR_Histogram:

A histogram of difference between ATR and its averaging implemented in color and complemented with the volatility change signals. When ATR is above its averaging, the histogram is yellow; otherwise it is dark blue.

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. In this case a pink star appears on the histogram. When the ATR line crosses its average from top down and volatility falls, a blue circle appears on the histogram.

Fig.1. The AverageOfATR_Histogram indicator

Fig.1. The AverageOfATR_Histogram indicator

Author: Nikolay Kositsin

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