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ATR stands for Average True Range.
this is a direct measurement of market volatility.
If the ATR is increasing the market is becoming more volatile, and if the ATR
is decreasing, so is the volatility.
How many days to use to produce the "best" ATR is a matter of conjecture.
Originally 14 days seemed to be the optimum, but most modern systems have
optimized this variable and found that a range of 2 days to 9days seems to
work best.
All the Best,
Jerry Donato
P.S. = Anyone know about Fibinacci Trading Systems?
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