Using ATR Support and Resistance indicator on forex shows when the markets align and when they are potentially turning.
Using ATR Support and Resistance on Forex
As shown in the video on futures, the market moves in waves. If moving up, price will make a new high, then test for support. The support enables or pushes price to a new high. If moving down, price will form a new low, then test for resistance. The resistance enables or pushes price to a new low. These formations are what moves the markets and forms the “waves” that all experienced traders refer to.
In this video, Gail Mercer, founder of TradersHelpDesk, shows how using ATR support and resistance easily identifies the retracement areas, how to identify where to enter on retracements and how to identify when the markets will potentially turn. Then she combines the 3 timeframe charts to show you what it looks like using the three timeframes, as well as the one chart with all combined.