Average true range indicator is a forex trading software indicator. This average true range indicator can be used with any forex trading strategy. This indicator can also be used with any currency pair that are used in the forex market.
Function of the average true range indicator
This average true range indicator actually tells about the assets of the market trading of a specific time frame or may be any other time frame. The time frame for the trading may be the any given time frame. This may be current time frame or previous time frame. On the other hand, this can also be used for the future asset moving estimations.
Time frame requirement of the average true range indicator
In the average true range indicator, the new ATR on every time frame is calculated and gives different ATR values to the trader. The reading is measured on the indicator chart. On every new chart the average true range indicator gives new value. The values of the ATR are displayed on the chart in a volatile manner so that the traders can easily see the daily values that are dynamically changes. This is a good indicator for the traders.
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