Hi all,
Bit of a newbie question here. I'm using a 7 period ATR on my charts and looking to do some testing with it. I was wondering if anyone could tell me how to read the damn thing? I understand it's supposed to give a pip value but I don't understand how the decimal placing works.
Please see attached pic, the first one is from a 5 minute chart and the second is from a 4H chart but they seem to be giving similar values?
Thanks
Bit of a newbie question here. I'm using a 7 period ATR on my charts and looking to do some testing with it. I was wondering if anyone could tell me how to read the damn thing? I understand it's supposed to give a pip value but I don't understand how the decimal placing works.
Please see attached pic, the first one is from a 5 minute chart and the second is from a 4H chart but they seem to be giving similar values?
Thanks
Attached Image (click to enlarge)
