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SimpleATR

This indicator is a simplified version of the original Average True Range indicator. The ATR indicator displays the level of asset volatility. In other words, it displays the average price movement on a certain timeframe for a certain number of days. It can be used to determine the risks and targets in deals. The original indicator shows the ATR graph on the selected timeframe, but more often it is used on the daily timeframe to determine the current value. This indicator shows the current value in the screen corner.


Parameters

  • Range: the number of candles for calculation
  • Period: timeframe for calculation of the indicator
  • Color: text color
  • FontSize: font size
  • Xpos: position of the text along the X axis
  • Ypos: position of the text along the Y axis
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