ATR Indicator
What is the ATR Move Indicator?
Algorithms control order flow and market direction, how do you compete against them? Well, you have to know what price levels the computers are programmed to buy or sell, and this is what the ATR Move indicator is specifically designed to do.
At Simpler Trading, we use this trading indicator to see support and resistance levels that are important to algorithmic program buying and selling.
These support and resistance levels are invisible to most traders, and by the time they recognize there’s something going on, the market has moved.
Our goal is to buy when the algos buy and sell when they sell, that keeps us on the right side of order flow and trend.
Available On:
ThinkorSwim, TradeStation
How Do We Use It?
The ATR Move trading indicator will automatically find the average true range for a stock and show multiple support and resistance levels where the algorithms would like to buy or sell.
The idea is that when the markets get too hot, algorithms will sell these ATR resistance levels and when markets cool algorithms will look to buy ATR support levels.
Adding ATR Move to our charts lets us anticipate these turning points in a market and that allows us to maximize profits by buying or selling alongside the programs that move markets.
Interested in learning more? Read about John’s Average True Range setup, and ATR levels and Fibonacci points.