In
this thread, momentom brought up using the ATR as a trailing stop function and since I know literally 0 about the ATR and it's use, I thought we could have a discussion here about it and not clutter up the other thread.
Hopefully momentom can provide us some examples and I will do my best to interact as well.
Right now my questions would be what settings to set your ATR at, what number (if any) to multiply that number by (and why) and then how to use that in your trading? In my personal use, I am interested in using this as a trailing stop idea, but I'd like to hear if any are using this as a tool for entering trades as well.