Average True Range (ATR)

The Average True Range (ATR)

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 (ATR) 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 indicator is available for NinjaTrader 8 and its application was discussed in detail in a blog post on the ATR Trailing Stop.

Several other standard indicators currently supplied with NinjaTrader that cannot be used with an input series other than price. We have recoded the indicators and they are available from the nested indicators category, namely the ADXADXRCCIDirectional MovementDirectional Movement IndexFast Stochastics, Parabolic SAR and the Standard Stochastics.