Forex Signals Wikipedia : How The Atr Indicator Can Boost Your Day Trading Profits - The ATR (Average True Range) indicator is a very useful technical indicator for anyone who trades the forex markets on a short-term basist is essentially a measure of volatility but it also tells you the average trading range for any given periodo why is this usefulell if you're a forex day trader you need to know how far the markets are likely to move in your favour (once you might have conducted technical study and come to a conclusion as to which way the markets are likely to move)he ATR indicator helps with this taskf, for example, you are trading the GBP/USD pair and this pair has so far traded in a narrow range of 40 items in the first 7 hours of trading up until 070 (UK time), then you can look at the ATR indicator to see how much further the expense could potentially move if it breaks out of this trading rangey opening up a daily chart and applying the ATR indicator you can instantly see the average daily trading range by looking at the latest ATR figureor i ... [Read More > Forex Signals Wikipedia]
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