How to use ATR in Binance?

Could you elaborate on how to effectively utilize the Average True Range (ATR) indicator in Binance, a popular cryptocurrency exchange? As a trader, I'm interested in understanding how ATR can assist me in gauging market volatility and potentially making more informed trading decisions. Could you explain the steps involved in setting up and interpreting ATR on the Binance platform? Additionally, are there any specific strategies or considerations I should be aware of when employing ATR in my crypto trading? I'm particularly keen on hearing your thoughts on how ATR could enhance my overall trading approach.