ATR Up and Down trading indicator
ATR Up and Down trading indicator - is a modification of the indicator volatility ATR.
Indicator ATR Up and Down, unlike the original, which shows the average between the prices of High and Low for N period, works on the same principle, but only with the average difference between up and down.
The indicator ATR Up and Down displays a bar graph of green and red:
- green columns - the average difference between the High and Open price for N period;
- the red bars are the average difference between the Open and Low prices for N period.
If you apply Yes to the Calculate values without period parameter, the blue lines will display the difference for only one candle (i.e. without period). It helps to see the difference between the real price movement and the average values of the indicator.
ATR Up and Down trading indicator can successfully replace the original indicator, increasing the effectiveness of trading strategies.
Download trading indicator ATR Up and Down