The VR ATR Pro indicator is a powerful professional tool for determining target levels on a particular financial instrument. The indicator effectiveness has been proven by thousands of tests on both real and demo accounts. VR ATR Pro is an indicator that works on real data using live real statistics.
Statistics are stubborn things, using real statistics in mathematical calculations allows you to calculate accurate target levels for a financial instrument. ATR VR Pro determines levels with an accuracy of 95%. Look for further info in "Profitability"
The indicator has a number of advantages, we will list only a portion of them:
Using the average price movement levels helps the trader to set the Stop Loss and Take Profit levels correctly, as well asto enter the market before the price ceases its movement.
The indicator's algorithm is based on a mathematical calculation of the average price movement over the specified time period. The period indicator detects and remembers the number of points passed during the period. The indicator, using a mathematical formula calculates the average price levels for the forecast of the growth rates and the forecast of prices fall.
Thanks to use of real data, the indicator does not redraw and shows high accuracy.
The indicator can be compared to the battery indicator in your phone. You know that on average, your phone loses charge in 12-16 hours of use. Similarly, the VR ATR Pro indicator calculates the movement: if the day before yesterday the price moved 50 points, yesterday the price moved 60 points, today 55, then tomorrow the probability that the price will move average 55 points is almost 99%.
Levels can be displayed as areas that deviate from the exact level. This allows you to calculate prices within the statistical deviation range.
The program does not show signals to buy or sell a financial instrument. The VR ATR Pro indicator calculates the target levels to which the price is aiming, the levels for which the price has enough strength and energy to reach. These levels can be used to set Stop Loss and Take Profit values.
To calculate the indicator's accuracy, it is advisable to perform a calculation based on the principle of how many times in history the price reached the levels calculated by the indicator. This way we will know the indicator's accuracy.
It is important to note that one goal, two goals, or no goals can be achieved in a single period.
Conditions for calculating VR ATR Pro indicator accuracy
Currency pair EUR / USD Readings accuracy 88%
Currency pair GBP / USD Readings accuracy 78%
Currency pair BTC / USD Readings accuracy 75%
> > > Main settings <<<
> > > Last figure settings <<<
> > > History figure settings <<<
>>> Notification <<<
>>> Dimensions <<<
Version 20.060 - 14.06.2020
At the moment, there are no plans for further development.
You can suggest an idea or revision in the "Reviews and discussions" section.
Question:How is the classic ATR (Average True Range) indicator calculated?
Answer: ATR is short for (Average True Range) – an indicator designed to track volatility. The Creator of the indicator algorithm is the master of technical analysis, Welles Wilder, who also invented the RSI, Parabolic and ADX indicators. In fact, the APR formula measures the range of price fluctuations, the trend is not taken into account, as well as the levels of overbought-oversold, resistance-support.
The indicator is calculated using the classic formula:
True Range = Max(High-Low; High — Close; Close-Low)
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