Simple ATR
- Indicators
- Pavel Bereznichenko
- Version: 1.0
- Activations: 10
A streamlined tool for tracking market volatility with greater clarity, ideal for both day trading and swing trading.
It's the best indicator for starting trading or beginners.
Visual Indicator Color: ATR Daily - Blue
Visual Indicator Color: ATR Weekly - Red
Visual Indicator Color: ATR Monthly - Yellow
Enhance analysis by combining with the Volatility Vision indicator.
Precisely measures fluctuations in market conditions, essential for both day trading and swing trading decisions.
Utilizes a basic 14-day (configurable) simple moving average of true range indicators to ensure accuracy.
Ideal for implementing open deal or exit strategies in trading systems, maximizing profitability.
Why ATR indicators are better than others:
Simplicity of use: ATR indicators are easy to set up and understand, even for novice traders.
Versatility: Suitable for both day trading and swing trading, providing flexibility in various trading strategies.
Reliability: ATR provides accurate market volatility data, helping traders make more informed decisions.
Customizability: The ability to adjust the moving average period allows traders to tailor the indicator to their specific needs and preferences.
Combinability: ATR integrates easily with other indicators, such as Volatility Vision, for deeper market condition analysis.