Improved version of the АТР indicator.
- ATRPeriod - АТР period, to be used in the calculation of the АТР maximum
- MAXPeriod - the number of АТР values used in the calculation of the АТР maximum
- DrawLine - display as a line, false - display as a histogram.
Less susceptible to the current decreases of the volatility, which allows to evaluate the range more correctly during its operation. At the same time, it instantly reacts to the increase of the volatility, which allows to use safe indicator values.
If you use the АТР indicator in your work, then I am almost 100% sure, that you will like this indicator in your work.
Calculates the maximum value of the АТР indicator with the ATRPeriod period over the specified MAXPeriod period, which allows to plan the trading risks ore adequately, as during MAXPeriod candles the indicator will ignore the lull in volatility (for example, before the news)