Average of ATR

This is a custom indicator for MetaTrader 4. ATR has been well known as market volatility indicator, ATR brings insight into market strength conditions within the specified period.

The average of ATR (AATR) is a simple but effective indicator to confirm any price action trading strategy. This compares ATR to its own average.

The confirmation rule is simple, scan for price action if the ATR line crossed up from below the Average of ATR or take an order on that time based on your signal.