Oscillator Average Average True Range is standard smoothed ATR represented as a colored histogram.

Growing values are drawn in green, the falling ones are in red.

It has two configurable parameters:

  • ATR period - ATR calculation period
  • Smoothing period - smoothing period

Calculations:

AATR = SMA(ATR, Smoothing period)

where:

ATR - standard ATR to be calculated over the "ATR period"