The average true range multi-timeframe indicator is a type of forex trading indicator. This ATR Multi time frame Indicator is basically used to calculate the volatility of the trading in multiple time frames. The traders mostly used it for multiple time frames and check the volatility for each or any type of time frame. As this is a forex indicator so this ATR Multi time frame Indicator can be used with any forex trading strategy. This ATR Multi time frame Indicator can also be used with any type of currency pair that are used in the forex market for the market trading purpose.
Working of the ATR Multi time frame Indicator
The ATR Multi time frame Indicator works in different ways. There are three kinds of ways in which the ATR Multi time frame Indicator calculates its result for the trading. Firstly, the chart candles are arranged in a way that the current highs give the current low.
ATR Multi time frame Indicator
In the second way current high less than the previous low and in the third way current low the previous close. Here the candles bars are arranged that if the candles will high then method one will be used.