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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Richard Estes who wrote (4029)9/23/1999 12:05:00 AM
From: Dan Clark  Read Replies (2) of 18137
 
Richard, I like your ideas. However, in looking carefully at your equation, ATR(89)/89 day MA of close >6.38, I find that I'm a little baffled.

I computed this for MSFT and got:

ATR(89) = 1 23/85
89 day MA of close = 87 1/2

Both of these numbers seem correct. However,
ATR(89)/89 day MA of close = (1 23/85) / (87 1/2) = .01452

Based on this logic, you would have to have an ATR(89) of say 130 and an average close of 20 to get something like 6.38. That's not possible.

Did I mis-read this? Is there a typo?

Regards,

Dan.
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