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How to Read ATR for Micro Nasdaq

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    How to Read ATR for Micro Nasdaq

    I want to try using the ATR value to set my Stop-Loss. For the Micro Nasdaq (MNQ), what does the value mean? Is it expressed in Points or Pips? For example, if the value is 18, does that mean 18 points?

    #2
    Hello SpratTrader,

    The Average True Range is a moving average of the True Ranges. The MNQ uses Points and not Pips.

    You can find information on the ATR indicator at the publicly available link below.
    JasonNinjaTrader Customer Service

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