This indicator estimates price and it is based on ATR only.
The advantage of this indicator is that it can be used with any pair, any time frame.
The fluctuations of a short period ATR with respect to a gently ATR with high period
The only parameters are the periods of the reference ATR and fast ATR, which could be
safely let untouched and modified by experts.
RED areas depict low
GREEN areas depict high .
When the clouds are outside the region delimited by the aqua lines we have
Extremely low = red cloud outside the aqua bands
Extremely high = green cloud outside the aqua bands
Vitelot/yanez/Vts December 2018.
Hitting the like button is free act of gratitude
i.e., those events outside 3 standard deviation.
This will clean the ATR signal from the contamination of occasional rare events (as the flash crash of Jan 3rd 2019).