I am sharing the strategy version of the indicator used before. It is very simple to use.
These are the settings I use, you can change, test and use as you wish.
Atr Period 5
Highest High Period 10
It can generate more signals in shorter time frames.
The success rate will be higher in longer time frames.
The average true range (ATR) is a technical analysis indicator that measures market volatility . The ATR indicator is easy to use and gives an accurate reading about an ongoing trend that very effective.
I. Signals are used for entry
- Entry your long position (buy) when price crosses above the ATR trailing stop line.