|
PureBytes Links
Trading Reference Links
|
Hi guys,
In an attempt to use the ATR in
"Personality"recognition, I made a slight mod to the ATRindicator. I
would appreciate your commentsand suggestions. (Don't hold any
punches)Is this a useful tool ?
Anyone else please feel free to
comment,
Gosub283
Picture attached:Notice how
"GMVolatility" climbs just beforethe "V" bounce reversals in the
QQQ.
Description: The standard
Average True Range (ATR) indicator is only useful as a reference over
the period which it is set. As the stock price climbs or drops
significantly, previous ATR value are useless when compared to current
values. This makes it impossible to set ATR thresholds in software
systems. The GM Volatility indicator divides the ATR value by
the average close price over the same period, thereby showing range
volatility as a percentage of the average price regardless of time or $
value. Values less than 3 are normal while value greater than
5 indicate high daily volatility. The GM_Volatility indic. is useful at
all times and floats between 0 and +10% regardless of price
change over time.
Generally, a value less than 3%
indicates LOW volatility. Values above 5% indicate HIGH
volatility.
EG: A value of 2% means that the
Low-to-High fluctuates 2% of the average
price over the last 14 days. (lower
volatility)
A value of 7% means
that the Low-to-High fluctuates 7% of the average
price over the last 14 days. (Higher
volatility)*****************************************************/
GM_Vol = (MA(ATR(14),5) /
MA((H+L/2),14))*100;Graph0 = GM_Vol;Graph1 =
MA(GM_Vol,10);
Yahoo! Groups Sponsor
ADVERTISEMENT
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
gmvolatility.jpg
Attachment:
Description: "Description: JPEG image"
|