Indicators: AverageOfATR_Histogram
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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
Author: Nikolay Kositsin