About – ATR Move
Display the prior week close and 1,2,&3 ATR Move levels on the chart.
About the ATR Move Indicator
ATR means “Average True Range”.
Algos have often looked at this ATR technique.
If price gets to 1 ATR away from the mean, then it is possible that price will “revert back to that mean”.
If price gets 2 ATR away from the odds increase. Any 3 ATR, the odds increase even more for a reversion to the mean.
The ATR Move gives us a “range for the week” and key levels within that range and can be tied in to your other trading tools.
ATR Move on a 30 AAPL chart:
ATR Move on a 5 min MSFT chart: