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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (9284)	2/14/1999 12:19:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 12039

I2, what I am playing with is a little different than bollinger bands in that it also takes into account the price volatility - Average True Range. ATR - Welles Wilder, creator of True Range, states True Range "is [when describing volatility] the maximum range that price has moved, either during the day or from yesterday's close to the extreme point reached during the day." Hence, Average True Range gives a measure of volatility over a specified time period. It just seems to make sense to look at more than just closing price as part of the analysis. Anyways, still working with it... I'll see if I can post a chart somewhere for folks to look at. Michael