# Indices ATR Indices Expert Advisor Setup

Indices ATR Indices Expert Advisor Setup - Setting Up ATR Indices Expert Advisor - A Indices trader can come up with an ATR Indices Expert Advisor based on the awesome stock indices indicator explained below.

Stock Indexes ATR Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.

## ATR Indices Technical Analysis and ATR Indices Trading Signals

Developed by J. Welles Wilder

This indicator is a measure of volatility - it measures the range of stock indexes price movement for a particular stock indexes price period. The ATR is a directionless indicator and it does not determine the direction of the Indices trend.

Stock Indexes ATR Expert Advisor Setup

## High ATR values

High Average True Range values indicated market bottoms after a selloff.

## Low ATR values

Low Average True Range values showed extended periods of sideways stock indexes price movement- Indices Price Range, such as those found at market tops and consolidation periods. Low ATR values are typical for the periods of sideways movement of long duration which happen at the top of the stock indexes trading market and during consolidation.

**Calculation**

This indicator is calculated using the following:

- Difference between the current high and the current low

- Difference between the previous closing stock indexes price and the current high

- Difference between the previous closing stock indexes price and the current low

The final Average is calculated by adding these values and calculating the average.

## Indices Technical Analysis and Generating Indices Trading Signals

Average True Range can be interpreted using the same principles as other volatility indicators.

**Possible indices trend change signal -** The higher the value of the indicator, the higher the probability of a indices trend change;

**Measure of indices trend momentum **- The lower the indicatorâ€™s value, the weaker the indices trend movement.

**Technical Analysis - **Stock Indexes ATR Expert Advisor Setup