Priyanvada's chit chat home ...

[priyanvada]

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ok.

so, what you have done is find out the true range in priyanvada's way.

ATR14 = average true range of 14 bars.


ATR21 = average true range of 21 bars.

=> what I have asked you is to verify the trailing 14 day true range of the stocks you have selected using monthly averages.

got it??

what I have asked you is to verify the trailing 14 day true range of the stocks you have selected using monthly averages.

got it??

 

[prasadam]

? ? ? ? ? ? ? ?

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[Dev Mookerji]

Priyamvada,

Changed ur avatar again!!!

Whose photo it is ?

 

[priyanvada]

She is Some unknown lost girl ... If you find her then report in Police Station!

I pray someday all guys here get the ability to read the spelling of my name correctly and also type it coorectly...

 

[priyanvada]

Todays Wakeup 7:41
Fussssssssss

 

[priyanvada]

prasadam,

what I have asked you is to verify the trailing 14 day true range of the stocks you have selected using monthly averages.

I am not getting this ...

How to Verify this trailing 14 day true range using monthly averages ... If you have time please give me an example ...

 

[prasadam]

will you agree with me when I say,

True Range (TR) = High - Low

&

Average True Range (ATR) = average of true ranges?

 

[priyanvada]

will you agree with me when I say,

True Range (TR) = High - Low

&

Average True Range (ATR) = average of true ranges?

yes ... perfectly!!

No no ... wait wait wait ...

See this,

The True Range indicator is the greatest of the following:
-current high less the current low.
-the absolute value of the current high less the previous close.
-the absolute value of the current low less the previous close.

First sentence is matching with your statement ... Others are confusing???

Wow well here is the clear picture with clear sound ...

If true range takes in to consideration previous close, then how is it useful for intraday trading ??

 

[prasadam]

and also, when I say

what you have done is to calculate the ATR's on monthly basis.

like ATR for the month of Jan etc.,

 

[priyanvada]

and also, when I say

what you have done is to calculate the ATR's on monthly basis.

like ATR for the month of Jan etc.,

No prasadam, I have calculated AIR (Average Intraday Range?!) and Not ATR ...