Ants Lite ATR allows you to open trades and manage them based on market volatility, providing safer entry and exit points. Based on the work of Daryl Guppy.

• The ability to set the bar from which to start calculating signals for short and long trades.
• It can be used to send signals to both the input and output.
• Configurable period and ATR multiplier.
• GMMA is a reliable and proven indicator that has proven its effectiveness.
• The input and output signals are based on volatility, not time.

• Simply drag the indicator from the list of indicators to the chart. A dialog box opens where you can edit the settings.
• Click OK.
• Click on the bar where you want to start calculating the ATR indicator.
• The ATR line will appear next to the specified bar.
• ATR for long trades: when the bar closes below the line, an exit signal is generated and an arrow appears.
• ATR for short trades: when the bar closes above the line, an exit signal is generated and an arrow appears.

Using ATR as input signals

Use ATR together with your preferred indicator to find the trend. If the trend is down, expect a rally. Use ATR for long trades from the lowest point of the trend. When the price breaks the ATR line down, an entry signal is formed. If the trend is up, expect a pullback. Use ATR for short trades from the highest point of the trend. When the price breaks the ATR line up, an entry signal is formed.

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Using ATR as a stop loss:

After opening a trade, set the appropriate ATR on the chart. If a long trade is open, set the long ATR to the last significant low in the trend. If a short trade is open, set the short ATR to the last significant low in the trend. When the candle closes and the price breaks through the ATR line, close the trade.

Using GMMA

The Guppy Multiple Moving Average (GMMA) is based on chaos theory and combines the relationship between long-term investors (red group) and short-term traders (blue group). When the blue group is higher than the red group, it indicates an uptrend. When the blue group is below the red group, it indicates a downtrend. The width of each group indicates the strength of the trend. If the blue group shrinks and turns down, and the red group remains clearly divided, this indicates a temporary weakness and the possibility of entry. If there is a compression in both groups, this indicates a change in the trend.

• Direction: Direction (Long or Short)
• ATR Period: Default ATR, default 14, any integer value.
• ATR Multiplier: ATR multiplier, default 2, any real value.
• ATR line Color – the color of the ATR line
• ATR line Thickness – the thickness of the line ATR

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