What is Candle vs ATR?
This element is a variation of the ATR. The ATR shows the average intrinsic volatility of the last candles. With this indicator, we obtain the signal when it appears a candle with a relatively high dimension regarding the actual ATR.
We use a parameter that is the factor. The factor is the number of times that the candle is bigger than the value of the ATR. Factor is decimal so we can set up that the element shots the signal when a it appears a candle 2,5 times bigger than the ATR