Anbat

AUDUSD (Example Of ATR Indicator Used For Stops And Targets)

Education
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
All Traders should use the ATR indicator on every trade you take. This can set you stop losses and targets and keep Forex trading simple.

Comments

@Anbat how do you decide on the size of the ATR?
Do you use other forms of charts heikin ashi, renko,
Line breaks, kagi, pnf and range?
Why or why not?
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Anbat UnknownUnicorn25359856
@UnknownUnicorn25359856, most of time, stop loss on your trading frame is last candle in a bearish downtrend (if you are looking to trade bullish) is ATR x 1.5 is stop loss (should be big enough so it does not get most of time.
I keep scalping and day trading simple- you do not need to complicate trading Forex.
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Great education post thanks! However do you mean the inbuilt ATR indicator or a Custom one to get the range overlaid on the candles?
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Anbat Qubikon
@Qubikon, yes, just built in one here on TV, use defaults. most of time ATR x 1.5 will give you spread room and volatility room too. gl
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