True Range Indicator is an indicator that measures volatility. J. Welles Wilder developed this indicator. His most famous classic trading book is “New Concepts in Technical Trading Systems“. The developer, Wells Wilder believed that most trading systems were broken down into two basic components. The first part of this book focuses on the “technical trading … Continue reading “True Range Indicator Formula, Meaning, Strategy”
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Average True Range or ATR Indicator Strategy, Formula
Average True Range indicator, popularly known as ATR shows the historical price movement of a stock over a specific period of time. Though it is similar to historical volatility, ATR shows the average range of price movement of a stock over a specific period of time whereas the historical volatility of a stock is always calculated … Continue reading “Average True Range or ATR Indicator Strategy, Formula”