The ATR (average true range) indicator repaint the candles colors so that they match the ATR settings. This simple yet precise indicator has only two settings, one for the ATR period and the other one for the multiplier. Simply adjust these to suit your trading strategy.
Bennie Meyers (verified owner) –
ATR candles is a great indicator for Metatrader that helps you identify the market volatility and the optimal entry and exit points for your trades. It uses the average true range (ATR) method to calculate the colored candles that show the market behavior and the limit ATR that is being tested. It is easy to use and works well for scalping, day trading and swing trading. You can also combine it with other indicators such as volume analysis or trailing stop loss to enhance your trading performance. I highly recommend ATR candles for anyone who wants to trade with confidence and accuracy.