The real inventor of this indicator is WELLES WILDER who gave the concept of ATR in Technical trading system.and after that it is being used in large industrial organization.like Insurance policies, forex systems, stock market
, banks, loans etc for almost all big trading organizations.Working:
The working of this indicator is quite simple, The current high is less than current low and the absolute value of the current high is less than the previous low and the absolute value of previous low is less the previous close. The true range is generally 14 days.
The above picture show the working of this indicator..Good luck..!!
Note: Extract the file first using Winrar..it is Zip folder
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