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Displaying Three Higher-Timeframe ATRs on a Chart

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Summary

Three Bigger Time Frame ATR displays the Average True Range from three selected higher timeframes on the current chart. The indicator lets the user set the ATR calculation period and choose each of the three source timeframes, making it possible to compare volatility estimates across horizons without switching charts.

It offers two display modes: step-like levels and sloped connections between neighboring bars of the calculation timeframe. The document illustrates both modes with hourly, three-hour, and six-hour ATRs shown on an hourly chart. It explains the indicator’s parameters and visualization, but gives no trading rules, performance evidence, or guidance on interpreting the readings. It is therefore a charting aid rather than a tested strategy.

Key ideas

  • The indicator overlays ATR readings from three selected timeframes on one chart.
  • The user can configure the ATR period and each higher timeframe.
  • Step mode presents ATR values as ladder-like levels.
  • Slope mode connects values across neighboring bars of the calculation timeframe.

Tags

Technical indicatorsVolatility

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.