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It is called the Average True Range indicator, commonly. Is more prevalent, but it is now widely used by forex traders as well.

The ATR is an oscillator that helps Forex trader. " Average True Range", or " ATR", indicator was developed by J.
To add the ATR indicator to your Trading Station/ Marketscope chart, click on the Insert menu at the top of the charting window > " Add Indicator" button. In this lesson, we will discuss a specific trading indicator that measures the volatility of a currency pair.

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Learn how to use the ATR ( Average True Range) indicator on the MT4 platform, brought to you.