Is ATR good for day trading?

For those interested in day trading, the question often arises: is Average True Range (ATR) a useful tool? ATR, a measure of volatility, calculates the range of a security's price movement over a specified period and serves as an indicator of potential price movement. The higher the ATR, the greater the potential for the price to move significantly in either direction. This begs the question - does ATR truly provide valuable insights for day traders? Some argue that ATR can help identify opportunities with high potential profits, while others caution that it's just one factor among many to consider. Let's delve deeper into this discussion and examine whether ATR is indeed a good fit for day trading.