Average True Range (ATR) is a market volatility index developed and described by W. Wilder in his book "New concepts of the technical trading systems".
True Range is the greatest among three following volumes:
Average True Range (ATR) is the moving average of the true range values. To add Average True Range index in MetaTrader 4 use the "Insert -> Indicators -> Oscillators -> Average True Range" menu sequence:
The Average True Range (ATR)
Average True Range (ATR) oscillator analysis basics:
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