lindfield
For the Range trading I use 20 periods and just the average range not the true range.
The Average Range shows the average range of price movement over a period that is defined by you.
The Average True Range (ATR) is a measure of volatility developed by J. Welles Wilder and introduced in his book, New Concepts in Technical Trading Systems (1978). The indicator does not provide an indication of price direction or duration, simply the degree of price movement or volatility.
According to Wilder, high ATR values often occur at market bottoms following a panic sell-off. Low Average True Range values however are often found during extended sideways periods, such as those found at tops and after consolidation periods
A little example of the recent high ??
CPL
marvdog, nice chart happening there and today would have been pleasing for you. Recent ranges suggest whats possible and maybe some resistance above as indicated.
Weekly looks good as well. Be wary of the double top if it happens though
Regards
Rob
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