Indicators: AverageOfATR
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AverageOfATR:
The average of ATR (AATR) is a simple but efficient indicator to use for confirmation with any Price Action strategy. It compares ATR with its moving average.
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.
Fig.1. The AverageOfATR indicator
Author: Nikolay Kositsin