Simple ATR modern
Indicator Simple ATR Modern
It is used in technical analysis to measure market volatility and show it as a level that is more understandable to the eye and not as an oscillator.
ATR Daily - Blue
The possibilities of using the ATR in trade can be found in the internet.
It can also be used in conjunction with another author's indicator Volatility Vision
🟢The Average True Range indicator measures market volatility. Volatility can be low while the market is growing (and vice versa).
🟢It is usually derived from a 14-day simple moving average series of true range indicators.
🟢ATR can be used to enter and exit trades and is a useful tool to add to a trading system.
🟢ATR is commonly used as an exit method that can be applied regardless of how the entry decision is made.
🟢One popular technique for getting out of a position during a trend change, known as "chandelier exit", was developed by Chuck LeBeau and is based on ATR values.