How to Set-up Average True Range (ATR)

Read to learn how to use Keltner Channels, available with your platform, to set up the ATR channels on your chart and recreate John’s 3 ATR setup.

TOS users may also use the following shared chart link: https://tos.mx/Eg4EuSx

See the video below to learn how to manually set up John’s 3 ATR setup.

STEP 1

Open the Edit Studies and Strategies window.
Find Keltner Channels in the indicator list of your platform. 

STEP 2

Add three instances of Keltner Channels to your chart. 

STEP 3

Change the settings for each instance of the Keltner Channels. 

 
Set the first instance to a factor of 1.0

 
The second instance to a factor of 2.0

 
And the third instance to a factor of 3.0

John often will use exponential instead of simple averages in the settings for average type and true range average type.

The 1, 2, and 3 ATR channels should now be set up on your chart.