Description: The average amplitude index (ATR) is the moving average of the fluctuation range of the stock price in a certain period of time, which is mainly used to judge the timing of the sale.
Average index is the index to show the rate of market change. It is first proposed by Wilder (Welles Wilder) in the new concept of technology trading system. It has become the technology quantity cited by many indicators. Wilder found that higher ATR value occurs in the bottom of the market, and with panic selling. When the value is low, it often occurs at the top of the market after the merger.
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File list (Check if you may need any files):
Filename | Size | Date |
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ATR Channels.ex4 | 4308 | 2010-09-20
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ATR Channels.mq4 | 4258 | 2005-08-09 |