Oscillator Average Average True Range is standard smoothed ATR represented as a colored histogram.
Growing values are drawn in green, the falling ones are in red.
It has two configurable parameters:
- ATR period – ATR calculation period
- Smoothing period – smoothing period
Calculations:
AATR = SMA(ATR, Smoothing period)
where:
ATR - standard ATR to be calculated over the "ATR period"
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