PipTick ATR indicator is a really helpful tool for measuring of range of bars (Average True Range). It helps simply and quickly evaluates the current spread (range) of the ATR, which is especially useful for VSA traders.
The indicator for the classification of the range of bars (candles) uses the moving average and its multiples. Accordingly, where the ATR bar is located (relative to the moving average), it is labeled as ultra-low, low, average, high, very high, or ultra-high. PipTick ATR indicator is rendered as a histogram.
By default, six zones can be changed by the user. Depending on which zone corresponds to the ATR, the bar of the histogram is colored by the appropriate color. This way you can easily recognize how high the ATR (spread/range) is, in comparison with the previous bars.
All our products are available in the MQL5 market.