ATR Forex Oscillator Indicator
The ATR MA Oscillator is of the OsMA type, however it is interpreted for the ATR oscillator. Being of the Oscillator – Moving Average type, the ATR MA can characterize the variance between an oscillator (ATR) from its moving average, over a specified time period.
Howbeit the ATR of the Average True Range technical in isolation is used to define volatility in the market. In interpreting the ATR, the higher the value the indicator attains, the higher the odds of a possible change in trend; the lower the value of the indicator, the weaker the trend gets.
The ATR MA Oscillator is deployed as an additional alert (crossing 0) to quit positions with the maximum yield.
The ATR MA Oscillator can be normalized for any currency pair on all higher timeframes. It is probable to tweak the ATR’s period, the signal line along with the methods of computing for moving averages of ATR and signal line.
The ATR MA Oscillator can signal a buy in the market when its histogram are aligned above the 0.00 level, more so the value of the ATR MA indicator has to be positive.
The more positive its value, the stronger the bullish trend. Conversely, a sell signal is in place if the value of the ATR MA Oscillator is negative, hence the more negative the value of the ATR MA Oscillator, the stronger the bearish trend.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (AtrPeriod, SignalSMA, Type_MA_ATR, Type_MA), colors, width & Style.
Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week