ART

• The ATR or Average True Range indicator is a tool used to measure market volatility and place stops based on the volatility of the market.
• The ATR indicator is calculated by subtracting the lowest low from the highest high of a specific time period.
• The ATR indicator can be used in different ways to improve trading strategies.
• One way to use the ATR indicator is to place stops based on the volatility of the market.
• Another way to use the ATR indicator is to adjust stop-losses based on the volatility of the market.
• The ATR indicator stands for Average True Range and gives the average of the last 14 candles printed on a specific time frame and currency pair.
• The ATR indicator can be changed to reflect the average of the last 10, 5, or 1 candles.
• The ATR indicator is used to determine the appropriate stop-loss placement, as the stop-loss should be larger or smaller depending on the currency pair and time frame.
• Each currency pair has a different amount that it's going to move per candle, for instance, the ATR for the pound New Zealand is 122 pips, while the ATR for the Canada Swiss is only 34 pips.
• The ATR indicator is also used to determine the appropriate trade size, as the trade size should be larger or smaller depending on the currency pair and time frame.
• The ATR indicator can also be used to measure the risk of a trade.
• The ATR indicator can be used to determine the potential reward of a trade.
• The ATR indicator can be used to calculate the potential risk of a trade.
• The ATR indicator can be used to determine the potential profit of a trade.
• The ATR indicator can be used to calculate the potential loss of a trade.
• The ATR indicator can be used to measure the potential reward of a trade.
• The Average True Range (ATR) is a measure of volatility that is used to place stop losses.
• The current ATR is represented by a number, for example, 70, which means that out of the last fourteen candles, 70 pips is the average.
• To place a stop-loss using the ATR indicator, the entry point is used.
• The ATR indicator is used to place stop losses as different currency pairs and time frames have different amounts of volatility.
• In trading view, the Average True Range (ATR) indicator can be plotted by clicking on the 'Indicators' tab and selecting 'Average True Range'.
• The 15 minute time frame has an average of 26 pips per candle, while the 378 pips per candle is seen on the 4 hour time frame.
• The ATR indicator is used to avoid being stopped out prematurely during volatile markets or different currency pairs or different time frames.
• The ATR can also be used for back-testing by hovering over specific candles to see the Average True Range for that candle.
• The strategy uses the ATR indicator to capture false breakouts.
• A swing high is a high that was preceded by at least two lower highs and followed by at least two lower highs.
• The close of the breakout candle, if it meets all the requirements, can be used as an entry.
• The breakout candle from high to low must be larger than the ATR of the breakout candle itself.
• The conditions for a bearish trade are a break below a swing low.
• The strategy involves placing a horizontal line at a swing high or low and waiting for a break below that level.
• If the breakout candle is between 1 and 2 ATR, it can be used as an entry for a false breakout situation.
• The ATR of the breakout candle is roughly 80 pips, so the breakout candle must be between 180 and 280 pips.
• The ATR of the breakout candle is measured from the high to the low of the breakout candle.
• A swing low is a low preceded by two higher lows and followed by two higher lows.
• The entry set is placed 180 pips below the swing low.
• The strategy involves using the ATR indicator as a possible indication of a false breakout.
• The target is placed at 1 to 1.
• The strategy is capable of producing a 65% winning percentage since 2018.
• The stop-loss is placed at 90 pips following the rules.
• The strategy involves having a one to one target.