Question: How can we find breakout moves using the ATR indicator?

Question: How can we find breakout moves using the ATR indicator?

Answer

Because the ATR measures volatility, it can be very useful in locating breakout moves as they begin, and it's quite easy to do so.Start by looking for a weekly chart where the ATR and volatility are at multi-year lows.Then identify the price range during that time, or the strongest support and resistance levels. Wait for the price to break out of the range or support/resistance level and pounce on the line trading.