ATR as based for entries

Hi,

I would like to develop a strategy where the initial condition for taking a long or short position is determined by the Average True Range (ATR). The logic is straightforward: if the ATR value is higher or lower than a certain percentage of the specified period, a position is initiated.

Ej: atr(14) > 80% or atr(14)<10%.

Appreciated any guidance.

Thank you

Hi,

do you want to trigger both directions – long and short using the same signal?

Yes,

I would like to use it as a boolean, whether the price is above 80% or below 10% of the selected period. It serves as a signal to take positions, later on, using candlestick patterns or indicators to make that decision.

Thank you