The Average True Range (ATR) indicator shows the degree of the price change for a specific period of time. In other words, it shows this asset volatility.
View indicator on the chart.
Calculation formula of the ATR:
ATR = Moving Average(TRj, n),
TRj = maximum of the modules of three values
|High - Low|, |High - Closej-1|, |Low - Closej-1|.
To add and set up this indicator, open the the settings window.
Period-setup of the indicator calculation period.
Panel-selection of the indicator position on the chart:
- New panel.
Show value-display of the indicator value on the left on the price scale.
Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color-color setup of the indicator.
Visual type– visual setup of the indicator display on the chart:
- Up arrow
- Down arrow
- Axis label
Line style- setup of the line display:
Width-width setup for the index line.
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