ATR - Average True Range is an average of N samples of the True Range. True Range is calculated by measuring the distance between the extreme high and low of a session, including the prior closing price (if it is beyond the day’s trading range) to account for opening gaps that did not fill. We typically use the 5-day ATR.
ATR 1 > ATR 5 - The 1-day ATR is greater than the 5-day ATR.
ATR 1 < ATR 5 - The 1-day ATR is less than than the 5-day ATR.
ATR 5 > ATR 25 - The 5-day ATR is greater than the 25-day ATR.
ATR 5 < ATR 25 - The 5-day ATR is less than than the 25-day ATR.
ATR 25 > ATR 100 - The 25-day ATR is greater than the 100-day ATR.
ATR 25 < ATR 100 - The 25-day ATR is less than than the 100-day ATR.
ATR1 Increase - The 1-day ATR increased in value over its prior day value.
ATR1 Decrease - The 1-day ATR decreased in value below its prior day value.
ATR5 Increase - The 5-day ATR increased in value over its prior day value.
ATR5 Decrease- The 5-day ATR decreased in value over its prior day value.