True Range = Maximum(H-L,H-PDC,PDC-L)
where:
H = todays high
L = todays low
PDC = previous Days close
ATR (Average True Range) is the average of TR over a number of days (say 20 days).
A good explanation of how to use it in conjunction with Money Management is at www.originalturtles.org
True Range = Maximum(H-L,H-PDC,PDC-L)where:H = todays highL =...
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