PROTECTED SOURCE SCRIPT
Updated

Beast ATR (Average True Range)

3 194
Average true range (ATR) stands for Average True Range which measures how much price moves on average. It has to be used as a volatility indicator that shows how much an asset moves, on average, during a given time frame.

Understanding volatility is important to make the right trading decisions as we will see later. Understanding how volatility changes with market context can help you make much better trading decisions as well.

I like to use this one for margin trading and on lower tf (1h, 2h, 4h).
Release Notes
Updated some minors bug

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.