Beginner Mastering the ATR in Less than 60 Mins (Patreon)
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Today, we train a valued community member, through mastering the ATR indicator, turning them into an expert in under an hour. This video is perfect for those new to trading, investing, and using TradingView and Indicators, especially if you don't have time to spend all day in front of charts due to family or work commitments.
The https://www.investanswers.io/atr is a standout tool in the InvestAnswers suite designed for intermediate to advanced traders. It offers a robust way to monitor macro trends, volatility, and critical trading levels without the need for constant chart monitoring. Drop in once or twice a day to find opptys. Idea for folks who want to invest but are stuck in a day job for most of the day.
Here are some reasons why the ATR model is special, along with its cool features:
Why the ATR Model is Special
Comprehensive Analysis: The ATR model assesses both the volatility and trend directions of an asset, providing a holistic view of market conditions.
Macro Trend Identification: It helps traders discern the overall direction of the market, which is crucial for making informed trading decisions.
Volatility Measurement: By analyzing how volatility changes over time, the ATR model gauges market activity levels, helping traders understand the asset's liveliness and potential risk.
Strategic Support and Resistance Levels: The model identifies key support and resistance levels, offering actionable buy and sell signals.
Backtesting Capabilities: It includes a feature for backtesting strategies against historical data, allowing users to validate their approaches before live trading.
Cool Features
Directional Indicators: Utilizes tools like the Directional Movement Index (DMI) to understand market trend strength and direction.
Visual Trend Clouds: The model employs color-changing trend clouds to indicate bullish or bearish conditions, making it easier to interpret market trends at a glance.
Daily Optimization: Optimized for daily charts, making it suitable for medium to long-term trading strategies.
Adaptability: While best used on 12 hour and daily timeframes, it can also be adapted for longer timeframes such as 2-day, 3-day, and weekly charts.
Actionable Insights: Generates actionable buy and sell signals based on trend reversals and significant price deviations, aiding in strategic decision-making.
AGENDA
AGENDA
00:00 INTRO and SET UP
4:20 Recency Set up and 12 hr vs Daily Chart
5:40 Tuning Back Test Settings
7:00 Bitcoin Obersvations on ATR
7:45 Flipping SIGNAL LOGIC - Very Important
8:15 Always Start with NOISE SUPPRESSION Off
10:30 Moving the Config Table
11:20 Importance of Win Rate vs ROI
13:00 Crowdsource GOOGLE DOC for ATR Settings By Asset
14:00 CLSK on the 3 Hr - Trend, Zero Noise Suppression, from Jan 20, 2021
17:00 Custom Anchor and Anchor Settings
19:28 Importance of Levels - Support at Level 4 on CLSK in 2024
20:25 Why Covered Call on CLSK - the Options HEDGE
23:00 Adding Symbols to Portfolio Watch List
24:20 Dialing SOLANA in on the ATR
27:30 Identifying Levels on SOLANA
29:35 The Cloud Deviation - Signal
37:43 Dialing in TESLA on the ATR
43:00 Dialing in JUPITER on ATR
49:35 Watch the Levels and Watch the Trend
50:35 Optimized Trend - Custom Trend Model per Asset is magical
51:41 Get familiar with few assets - learn the movements
54:00 The SUMMARY of Learnings - Get Win Rate above 80% then dial in the ROI
56:40 FIFO vs LIFO Logic for Tax Reasons
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