siliconhippy
37 posts
msg #33461
- Ignore siliconhippy |
9/30/2004 4:04:08 PM
Tom,
Is this documented somewhere? Found it in your ATR example.
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Average True Range
Parameters Period
Usage Average True Range(days)
ATR(days)
Description Using the relationships between the high and low of a day compared with the previous close, the Average True Range is a measure of volatility developed by Welles Wilder. Typically used to identify oversold and overbought conditions, a low average true range indicates a stock which lacks volatility, while high average true range indicates potentials sell-offs of a stock.
Examples Average True Range(14) has been increasing for 5 days
ATR(14) has been increasing for 3 days lag 2 days and the ATR(14) has been decreasing for 2 days
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siliconhippy
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