I watched somewhere at Youtube about using average true range (ATR) to find take profit. How can I use this on D1? If that ATR value has let say 2.3, how can I use it to put take profit later on?
Atr is used to see where the open and close from previous days are depending on your settings I’m guessing you use 14 period. It differs … I would be careful using an atr to determine stops and take profits since there is a lot of noise on the markets you may get stopped out following aan immediate reverse. Happy trading ������