Using Average True Range (ATR) at key levels
- Thread starter sss12
- Start date
Where is everyone always focused around daily ATRx when trading an intraday strat?
Why not compare TR at each intra-day time stamp/ with ATRx from each comparative intraday time stamp from previous days. Eg comparing 9:30-9:35 with 0930-0935 over the previous x days and so on. So you end up with a normalized ATR value that directly compares the opening range over x days, and all timestamps following.
Am I the only one who does this?
Why not compare TR at each intra-day time stamp/ with ATRx from each comparative intraday time stamp from previous days. Eg comparing 9:30-9:35 with 0930-0935 over the previous x days and so on. So you end up with a normalized ATR value that directly compares the opening range over x days, and all timestamps following.
Am I the only one who does this?
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I use period range on everything I trade too, split up in to various OR periods and then the duration of that trading session.
I don't believe "everyone [is] always focused around daily ATRx"
I trade mostly on a 4hour/1min chart. I continuously graph two ATRs to lookbacks of the SPX that have consistent portent to current and near-future market action. YMMV.