Understanding ATR Levels: A Key Indicator for Your MetaTrader 4 Strategy

Mike 2014.12.08 22:58 43 0 0
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If you're looking to enhance your trading game, understanding the ATR Levels indicator is a must. This handy tool marks the 5 PM NY closing time right on your chart, along with the 14-day Average True Range (ATR) value.

You'll see horizontal lines drawn at this ATR value, both above and below the 5 PM close. This simple yet effective graphic provides a clear visual representation of how far the currency pair might swing during the next trading day.

ATR Levels

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