How Do We Use It?
We understand that computerized trading moves markets and these computers need levels and triggers in order to know what to do next.
The ATR Move 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.