ATR Channels indicator


1 share
ATR Channels indicator

Download Now


ATR Channels indicator falls under the umbrella of trend channel indicators. The price chart for a currency pairs displays multiple price channels. These price channels are plotted using moving mean and ATR values.

You can assign a specific price channel coefficient to the forex ATR Channels indicator settings, which allows you to expand or narrow each channel independently.

What is the ATR Channels indicator?

Naturally, market volatility has created an opportunity for channel strategies to be developed that take advantage of fluctuating markets.

The classical channel construction suffers from a major weakness: the channels remain static. ATR channels is an indicator that allows technical analysis to build multiple channels around a price. The dynamic value of the channel is determined by market volatility.

ATR channels is multicurrency instrument. Therefore, traders can choose a timeframe that suits their preferences. You can use ATR channels in any timeframe. This makes it easy to make the indicator part of both a scalping and long-term strategy.

Download Now



Like it? Share with your friends!

1 share

What's Your Reaction?

confused confused
0
confused
fail fail
0
fail
love love
0
love
win win
0
win