ATR-M
Simple ATR with a moving average signal line. Play with the inputs, I suggest making the MA longer than the ATR length for a more reactive outcome. This is a great tool for trend trading!
There are two main uses for this indicator:
1. Filtering out losing trades
- Take trades when the ATR is above the signal line.
2. Identifying trends and slow downs to trends
- Ride trending markets.
- Be weary of the ATR crossing below the signal line, a reversal or pause in the trend is coming.
I'm sure something like this exists on TV but I haven't seen it yet. I'm new to making indicators and trading in general yet this tool looks to eliminate a lot of losing trades my entry indicator took during noisy/dead markets.
I hope this helps somebody out!
There are two main uses for this indicator:
1. Filtering out losing trades
- Take trades when the ATR is above the signal line.
2. Identifying trends and slow downs to trends
- Ride trending markets.
- Be weary of the ATR crossing below the signal line, a reversal or pause in the trend is coming.
I'm sure something like this exists on TV but I haven't seen it yet. I'm new to making indicators and trading in general yet this tool looks to eliminate a lot of losing trades my entry indicator took during noisy/dead markets.
I hope this helps somebody out!