![]() ![]() Adding ATR to your charts can assist you in calculating where to put your stop orders or other exit points. One way to help control your losses is to use an indicator such as average true range (ATR). Easier said than done, right? Small losses can often be made up, but large, uncontrolled losses really hurt. ![]() 1 rule of the trading jungle: Control thy risk. This inevitably leads to a conversation about what many people consider the No. Unfortunately, such statements typically stem from large losses. New traders often tell us that they feel good about their entries, but they just don’t know when to get out of trades. Using ATR to set a stop or other exit order involves choosing a multiplier.The most common lookback period for ATR is the 14-period, but some strategies favor other periods.Average true range (ATR) is a volatility indicator that can help traders set their exit strategy. ![]()
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