ATR Indicator

The ATR indicator is a helpful tool for measuring the range of bars. It quickly and easily helps evaluate the ATR’s current spread (range), which is especially useful for VSA traders.

The indicator for classifying the range of bars (candles) uses the moving average and its multiples. Accordingly, the area where the volume is located (relative to the moving average) is labeled as ultra-low, low, average, high, very high, or ultra-high.

Our ATR indicator is rendered as a histogram.

This Indicator Can Calculate Moving Average By Four Methods

Interpretation of the Indicator

By default, there are six zones that the user can change. Then, depending on which zone corresponds to the ATR, the histogram bar is colored by the appropriate color. This way, you can easily recognize how high the ATR (spread/range) is compared to the previous bars.

Ultra ATR zone - Gray.
Low ATR zone - White.
Average ATR zone - Aqua.
High ATR zone - DeepSkyBlue.
Very High ATR zone - RoyalBlue.
Ultra High ATR zone - Blue.

Main Features

A simple classification of a range of bars
Several optional calculation methods.
User selectable ranges of the zones.
Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, and MN).
Very fast and reliable indicator.
Customizable parameters (Colors, Line thickness, MA period...).

Input Parameters

MA_Method - Allows choosing between the SMA, SMMA, LWMA, and EMA
MA_Period - A period of the moving average calculation.
ATR_Period - A period of the ATR calculation.
Line_Thickness - Thickness of the output line.
Histogram_Thickness - Thickness of the output histogram.
Low_Coefficient - Coefficient for determining the low zone.
Average_Coefficient - Coefficient for determining the average zone.
High_Coefficient - Coefficient for determining the high zone.
Very_High_Coefficient - Coefficient for determining the very high zone.
Ultra_High_Coefficient - Coefficient for determination the ultra-high zone.
Color_Text - Color of the indicator's text.
Color_MA_Line - Color of the moving average line.
Color_Ultra_Low - Color of the ultra-low histogram.
Color_Low - Color of the low histogram.
Color_Average - Color of the average histogram.
Color_High - Color of the high histogram.
Color_Very_High - Color of the very high histogram.
Color_Ultra_High - Color of the ultra-high histogram.

Output Parameters

Average ATR - Displays the value of the average ATR by period.
ATR - Displays values of the ATR indicator.
Type - Displays the number of zone types. 1 - 6 according to the zone. Number 1 means ultra-low, 6 means ultra-high.
Low - Displays values of the low zone. Otherwise, the value equals zero.
Average - Displays values of the average zone. Otherwise, the value equals zero.
High - Displays values of the high zone. Otherwise, the value equals zero.
Very High - Displays values of a very high zone. Otherwise, the value equals zero.
Ultra High - Displays values of the ultra-high zone. Otherwise, the value equals zero.