Today We’re going to talk about the Average True Range, and why it might be a good idea to start using it. To use indicators or not to use indicators? This question refers to the opening phrase “to be, or not to be…” in Shakespeare’s famous play of Hamlet. Many traders do opt for trading “naked” and solely using price action (momentum) and/or candlesticks for their trading decisions. Other traders wind up employing over a dozen indicators or more when making their trading conclusions (causing paralysis of analysis). First of all, Trading Strategy Guides recommends keeping trading simple. That means that ... (full story)