PROTECTED SOURCE SCRIPT
ATRP (Average True Range Percent)
ATRP compares the average true range in percentage terms between two periods. A healthy correction occurs with short-term volatility contracting vs longer-term volatility. It also helps spot low-risk entries as volatility falls.
I also included the historical average true range in percentage terms so an investor can quickly visualize what a likely daily range will be.
In my experience, it is vital to apply this analysis to stocks trending above their 50 and 200-day moving averages as stocks in downtrends can keep falling for extended periods of time with dwindling volatility.
I also included the historical average true range in percentage terms so an investor can quickly visualize what a likely daily range will be.
In my experience, it is vital to apply this analysis to stocks trending above their 50 and 200-day moving averages as stocks in downtrends can keep falling for extended periods of time with dwindling volatility.
Get access to CarusoInsights indicators: carusoinsights.com/charting/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.