Duke 2 posts msg #70120 - Ignore Duke |
12/29/2008 11:29:51 AM
TRO...........almost embarrassed to ask, but I am eager to learn and have read so many posts this weekend and I still cant find the definition of ADR 30?
ADR above 8%
Is the ADR the same as Average True range?
From what I am seeing you are providing a priceless service that has the potential to change lives and I am very thankful that I have found this site.
Thank You kindly
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johnpaulca 12,036 posts msg #70121 - Ignore johnpaulca |
12/29/2008 11:34:27 AM
Avery...I wasted my $20, it gave a decent overview of Gaps but not many specifics.
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TheRumpledOne 6,529 posts msg #70124 - Ignore TheRumpledOne modified |
12/29/2008 12:26:12 PM
ADR is average daily range. High - Low = Range.
ATR is average true range.
They are NOT the same.
http://www.prophet.net/learn/taglossary.jsp?index=A
Average True Range or ATR is a measurement of volatility. It measures the average of true price ranges over time. The True Range is the greatest distance between today's high to today's low, yesterday's close to today's high, or yesterday's close to today's low. The Average True Range is a moving average of the True Ranges.
High ATR values often occur at market bottoms following a "panic" sell-off. Low Average True Range values are often found during extended sideways movement, like as those found at market tops or after consolidation periods. True Range is used in Welles Wilder's Directional Movement indicator as well as Donald Mart's Master Trading Formula and is a common volatility ratio. The ATR can be used in a channel breakout method of trading by adding or subtracting from the previous bar's close or the current bar's open.
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Duke 2 posts msg #70125 - Ignore Duke |
12/29/2008 12:48:54 PM
Many ..........many thanks for sharing your knowledge.
It is appreciated more than you realize.
Thank you
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TheRumpledOne 6,529 posts msg #70134 - Ignore TheRumpledOne |
12/29/2008 4:08:26 PM
Gotta love statistics.
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TheRumpledOne 6,529 posts msg #70140 - Ignore TheRumpledOne |
12/29/2008 4:49:50 PM

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TheRumpledOne 6,529 posts msg #70200 - Ignore TheRumpledOne |
12/30/2008 4:07:07 PM

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TheRumpledOne 6,529 posts msg #70263 - Ignore TheRumpledOne |
12/31/2008 4:01:47 PM

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TheRumpledOne 6,529 posts msg #70298 - Ignore TheRumpledOne |
1/1/2009 4:04:46 PM
And another gap trader: http://www.gapstrategies.tk/
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TheRumpledOne 6,529 posts msg #70340 - Ignore TheRumpledOne |
1/2/2009 4:10:01 PM

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