Andrew Lockwood is here to explain the Average True Range (ATR) indicator! The ATR indicator is one of the best forex technical indicators that can take your forex strategy to the next level. Many who trade forex even consider it to be the best forex indicator to use in technical analysis. It's one that a professional forex trader like Andrew use in their forex technical analysis to establish rules about entering and exiting trades. An ATR indicator strategy can be one of the simplest forex trading strategies to develop and execute. In addition, the Average True Range indicator can be used to identify when a market is trending or consolidating. Overall, the ATR is one of the most powerful and easiest technical indicators for day trading, swing trading, and price action trading. Andrew also jumps onto MetaTrader 4 (MT4) to execute an ATR trading strategy.
Chapters:
00:00 - Introduction
00:47 - ATR Indicator Explained
06:46 - Ways to Use the ATR
11:52 - Find the ATR in MetaTrader 4
13:21 - Use ATR for Entry, Stop & Profit Target
15:58 - Use ATR to Identify Market Breakout
17:10 - Use ATR to Scale out of Trades
18:25 - Use ATR to Determine Consolidating Market
20:27 - Outro
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