Ability to add a simple ATR(14) line to the price action graph
Hi, I recently started using a single ATR(14) line on my brokerage graphs. The benefit is that a simple ATR(14) advises me about the strength of the direction of the price action, including any pivot points and direction changes as they happen (no delay).
I prefer to intraday trade and any small or large increase in the volatility combined with the price action/chart pattern will tell me if the stock will go upward or downward and at what speed it will do so, which will tell me to stay in the stock or flatten as quickly as possible. This feature would be extremely helpful and assist with exits when I am trading volatile and/or parabolic stocks.