ATR: Average true range (ATR) is a volatility indicator that shows how much an asset moves, on average, during a given time frame. The indicator can help day traders confirm when they might want to initiate a trade, and it can be used to determine the placement of a stop-loss order.
Pattern name: Strategy name
Time interval: Candlestick or bar Timeframe
Signal Direction: Bullish or Bearish
ATR: The Average True range (ATR) is a trading indicator.
Index: ATR Value
Method: Break, When ATR Line surpasses certain value on the ATR indicator.
Effect: Select “Below to Above” ,“Above to Below” or Touch. The index functions -Below/Above- in coordination with Second index or Target level.
Target Level: ATR level where you want to get a break signal.
Target Symbol: Add target symbol.
Time Scope: Timeline for the strategy
“Create and save” or “Create and Add New Indicator”: Select “Create and Save” if building a strategy with one indicator, or select “Create and Add New Indicator” if adding an additional indicator to the strategy.