Thanks. You have cleared out a lot of dust off the way.I now understand some good concepts regarding the use of ATR and its value in shaping profitable trades. My trading may never be the same again.God bless you abundantly.
Very good explanation indeed!
Keep up the good work.
very clear and concise explaination of ATR. Thank you
Another filtering tip: For time frames of an hour or less I set the ATR to 4. Then I put a 13 ema of the ATR in the same window. If the ATR is moving above the 13 ema trade, if below don't trade(can also trade if ATR is moving up even if below the 13 ema). Upward movement indicates a strengthening trend and downward movement indicates a weakening trend.
That's a great one to know. Thanks a lot!
Would be great to hear more about these indis,- VoltyChannel_Stop.mq4, ChandelierExit.mq4, how they are calculated.
BTW great site. Thanks for usefull info.
You have just gotten into my best 5 teachers of all time.
Dr Julius Ssemakula
NICE EXPLAINATION AND VERY USEFULL KEEP UP
Fantastic explanation. The author is a pro!
I speak poquito english but I understood very well this interpretation of ATR, gracias amigo y que viva los amigos!!!
thank you. it was very good.
Question: In MetaTrader 4 how can I add the 13 EMA to the ATR window? Thanks CT
Thank you so much
well explained. Thanks a lot.
To put 13 EMA on to the ATR window. Click on Moving average then Drag and Drop it to ATR window then put in your period setting -e.g. 13 - & 'Exponential' then where it says 'Apply to' you choose 'first indicator window' from the drop down menu. Press OK! Hey Presto it is there!
Hope that helps.
Also, the explanation about the ATR is very comprehensive. Thanks.
Gut geführte Webseite mit anschaulichen Informationen. Macht weiter so.
(Well-managed website with descriptive information. Makes the good work.)
I have been reading about the explanation of ATR endlessly from various sources, never sure if I was truly understanding it. I'm only confident in my understanding of it now due to the price chart presented at this site showing the small and large channels of candlesticks corresponding to small and large ATR. This one depiction that I've never seen anywhere else has made all the difference in my understanding.
Clear and well written. Thank you.
Excellent presentation and description. Thanks.
Good description of atr however I find the values you use a bit subjective. eg using 30% 50% etc of atr as trailing stop. There no definate values for given market situations
Thank you so much for this website
Mary, thanks too for the additional information. All the best