Rolling ATR Channel (Expo) is a sophisticated indicator that identifies the underlying trend as well as identifies ATR based trading ranges. In a trending market, the price will be within the Upper or Lower band. If the market is in a trading range, the price will bounce between the upper and lower ATR zones, until the price breaks through and creates a new trend. The user will no longer have to guess in which state the market is in, the indicator displays it clearly.
- So, the indicator displays real-time Range (ATR based) support and resistance zones as well as if the market is in a trend.
- If you know the current market state, you have the ability to choose the most applicable market strategy.
- Real-time
- No repainting
- Works on any market and in any timeframe
HOW TO USE
– Use the indicator to identify trading range support and resistance zones.
– Use the indicator to identify when the price breaks through the trading range.
– Use the indicator to identify if the market is in a trend.
INDICATOR IN ACTION
4 Hour chart
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