✅ ATR (Average True Range) Explained
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ATR made simple. A follower of this channel stated that he cannot understand how to use the ATR. It is not true that if you never learn the ATR, you'll never be a good trader. You don't need the Average True Range to trade but hopefully after watching this video you'll understand the concept of it. Many people trade without indicators, some just rely simply on fundamentals. Personally, I do like the ATR and I think its powerful. ATR is a way of looking at the market and gauging its volatility. The ATR allows for instances where you have some gaps or unusual moves. OK.
Original Question from Scott Hughes:
Me personally, am not unintelligent - but I am very slow to pick things up, i.e. LEARN things. I have got the idea how the Bollinger Band works, but I can't for the life of me understand how and when I would use the ATR! I am really new to trading and am still only using ta demo account. I don't want to use real money as of yet, at least until I have a good grasp of what I am doing. Do you know how to break it down so that I can understand the ATR? It's ok if not. Some people might look at me and say "if you can't learn the ATR you will never be able to be a good trader!" but I don't care what other people got to say, because I am willing to put in the hours until I am good. Would appreciate any other ways you have that I can use to learn the ATR, thanks mate. Plus, you've uploaded some great educational videos which I have taken onboard.
#atr #average_true_range #technical_indicator
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