ATR Bands
VolatilityOverlays priceA band set a multiple of average range away from a moving average.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Same idea as Keltner Channels, differing in which average is used and how the multiple is set. A bar outside the band moved more than its usual range.
Where it misleads
With a large multiple it may not be touched for months.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Standard Error BandsA band around the best-fit straight line, sized by the fit's error.
- ATRHow much a single bar typically moves.
- Bollinger BandWidthThe width of the Bollinger band pulled out as its own line.
- Bollinger %BWhere price sits inside the Bollinger band, scaled 0 to 1.
- Historical VolatilityHow large past moves were, annualised into a percentage.
- Standard DeviationHow far recent values typically sat from their own average.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.