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On daily charts, I use a 10 period ATR and a 3 period ATR. If I knew
enough about formulas, I would set an oscillator to chart the difference
and, test if this precedes change. On weekly charts, I use a 4 period ATR
and a 1 period ATR. If you will set this up, you will see how, with few
exceptions, the 4/weekly and 10/daily ATR's are constant enough to be
valuable in anticipating when the move is over and how far it will go.
Al Taglavore
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> From: Yngvi Hardarson <hardy@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Exit strategies
> Date: Wednesday, September 02, 1998 10:43 AM
>
> Al!
>
> What period do you calculate the ATR over? Do you optimize this or how do
> you determine it e.g. for the DMark?
>
> Best regards,
> Yngvi Hardarson
>
>
> >> From: Al Taglavore <altag@xxxxxxxxxxxx>
>
> Snip-Snip-Snip
>
> >> Last year I was introduced to the 1/2 of ATR and the 1 1/2 ATR
> >exit
> >> strategies...exiting if the market moved 1 1/2 of ATR against
> >your
> >> position. More conservative: 1/2 of ATR.
> >>
> Snip-Snip-Snip
>
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