Section IV · Indicators from A to Z · Chapter 7

ATR, Keltner and Donchian channels

Wilder's ATR – how much the market moves, not which way: True Range, a 1.5 × ATR stop, a 2–3 × ATR target, position sizing, the Chandelier stop and typical values for gold. Then the channels: Keltner (EMA 20 ± 2 × ATR) and Donchian with the Turtle Traders' breakout system.