The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The Average True Range indicator (ATR) is used for measuring market volatility. ATR forex indicator was introduced by Welles Wilder who described it in his book “New Concepts in Technical Trading Systems”. Since then, the ATR forex indicator has been applied as a part of other trading systems.
The Average True Range indicator often reaches peaks at the bottoms after prices fall sharply on the back of massive sell-offs. Low readings of the indicator correspond to continuous periods of horizontal moves that are seen at peaks and during consolidation. ATR can be interpreted in the same way as other volatility indicators. To make an accurate forecast based on ATR trading, one should stick to the following principles: the higher the reading, the higher the possibility of trend reversal; the lower the reading, the weaker the trend momentum.
True Range is the biggest value among these three variables:
- difference between the current high and low;
- difference between the previous closing price and the current high;
- difference between the previous closing price and the current low.
What is ATR in simple words? It is the moving average of the readings within the true range.