The ATR indicator supplied with NinjaTrader cannot be used with an input series other than price. We have recoded it so that you may apply it to other indicators. To do so, simply select any of the other NinjaTrader indicators as input series.
Indicator Description
The Average True Range indicator ( ATR indicator ) was introduced by Welles Wilder in his book, “New Concepts in Technical Trading Systems.” The ATR indicator is a measure of volatility. Specifically, it tells you which is the greatest of the current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close.
The ATR responds to volatility, highlighting possible trend changes. Accordingly, the Average True Range indicator determines the current volatility, and can also be used to determine the appropriate risk level for a specific trade. This application was discussed in detail in our Indicator Spotlight on the ATR Trailing Stop, available from the library here. Another application of the ATR indicator as was reviewed with the Wilder Volatility Stop Spotlight. Finally, you may also want to review our Spotlight on Relative Ranges.
Other Library Indicators
Several other standard indicators currently supplied with NinjaTrader that cannot be used with an input series other than price. We have therefore recoded them, available from the nested indicators category. They include the ADX, ADXR, CCI, Directional Movement, Directional Movement Index, Fast Stochastics, Parabolic SAR and the Standard Stochastics.
The ATR indicator is available for NinjaTrader 8.
