Is ATR leading or lagging indicator?

When it comes to analyzing cryptocurrency markets and financial data, one of the most frequently discussed metrics is the Average True Range (ATR). But the question remains: is ATR a leading indicator or a lagging indicator? Leading indicators are those that predict future price movements or trends, while lagging indicators reflect past price movements and trends. Understanding the nature of ATR is crucial for traders and investors to make informed decisions. Does ATR provide valuable insights into potential future price movements? Or is it more of a tool to analyze historical volatility and assist in position sizing? Clarifying this distinction is essential for those seeking to utilize ATR effectively in their trading strategies. So, what is the verdict? Is ATR a leading indicator that can help traders anticipate market moves? Or is it a lagging indicator, better suited for assessing past market conditions? The answer to this question could significantly impact how traders and investors approach the use of ATR in their analysis.