how can I find out something like ATR but a little different

N

netanel99

hello :)

the ATR is the average of bars - which is the points from yesterday close to todays distant peak.

how can I calculate the average points of the bars from yesterday close to todays close

I think this is important because the difference between ATR to Average close from yesterday to today is telling us if the closing of this stock/future is likely to reach the close on the end of the day or not.

thanks for any help
 
ATR is average true range. It is not average of closing prices - it is average of true range which is usually difference between high and low of a bar (unless previous bar's close price is above current bar high or below current bar low).

Basically, ATR shows how volatile analyzed instrument is - how strongly price fluctuate within a bar.

ATR is NOT "telling us if the closing of this stock/future is likely to reach the close on the end of the day or not." - as was mentioned above it measures the volatility.

ATR could be used to predict a trend as higher volatility is noted during down-trends and crashes while low volatility is a characteristic of bullish trends, however it is difficult to use ATR for trend predictions on low time-frames. You may read more about ATR at
http://www.marketvolume.com/technicalanalysis/atr.asp

Alternative to ATR would be following volatility indicators like
Beta
Standard Deviation
Relative Volatility
Bollinger Bands
Chaikin Volatility
Mass Index
 
hey viktor, I know what is atr I didn't gave a full description of that because I've asked for solution that is more complex, just asked for R&D purpose , because I'm inventing things on my own/modifying things to my needs and believes, but thanks for the trying of being nice and explain things..
btw, I've already answered myself and found my own solution with excel data feeds.. so, problem solved .

imho - atr is kinda useless without modification .

net
 
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