If you're looking to fine-tune your trading strategy, let me introduce you to a straightforward yet powerful indicator that can make a world of difference in your risk management—especially if you’re using automated systems. This simple tool leverages the Average True Range (ATR) to help you gauge the average price movement per candle, presenting it as a percentage. This makes it much easier to compare different symbols and get a handle on what kind of price action to expect during an average trading session.
For instance, take a look at the example above for BCHUSD. On average, you can expect its prices to fluctuate between 4.6% and 9.2% on a daily basis. Knowing this percentage can be a game-changer in your trading approach!
- Why Use This Indicator?
- It helps in making informed decisions about which symbols to trade.
- Enhances your risk management strategy.
- Works seamlessly with Expert Advisors for automated trading.
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