ATR is a very important volatility indicator.
It can either be used as a leading indicator to point out momentum changes, or it can also be used to filter out volatility (for night scalpers etc.).
Unfortunately The X Universal version of the ATR does not provide ATR levels, so it’s use is limited.
If The Xcustom can provide those levels it can be used as a filter to enable/disable opening positions. For Example:
ATR level > A set level: Enable/Disable opening positions
ATR level < A set level: Enable/Disable opening positions.
Thanks, Atila Akdeniz