Average True Range Trading Strategy (Best ATR Indicator, Settings and System) – VIDEO
The ATR indicator is useful on its own and can be used to develop an Average True Range trading strategy. The Average True Range (ATR) was developed by Welles Wilder in the 1970s. In his famous book called New Concepts in Technical Trading Systems, published in 1978, Wilder also published the RSI and the ADX indicators.
In this article, we look at the Average True Range (ATR) indicator. We explain what the Average True Range indicator is, how it works, how you can use it, and if it’s possible to make profitable strategies by using the ATR. We show you why ATR is a useful indicator.
Welles Wilder was ahead of his time, this was well before the computer age, and all his indicators have stood the test of time and are still widely used. To this day, the RSI is probably the most popular trading indicator on the planet.