Why is ATR indicator useful?
1) If we know volatility we know where to set stops and targets
2) Higher volatility = higher stops/targets
3) Lower volatility = lower stops/targets
4) This can be easily done using a calculator
Yes, there are websites with the volatility of all Forex pairs--you should confer with prior to taking any trades.
Please try using ATR indicator: ATR x 1.5 = Total Pips (for Stop Loss)
1) If we know volatility we know where to set stops and targets
2) Higher volatility = higher stops/targets
3) Lower volatility = lower stops/targets
4) This can be easily done using a calculator
Yes, there are websites with the volatility of all Forex pairs--you should confer with prior to taking any trades.
Please try using ATR indicator: ATR x 1.5 = Total Pips (for Stop Loss)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.