Here's a version of ATR that I like that plots it as a % of
price so that the absolute value of the market (SPY in this case)
is not a factor. Although we're currently at a high level we're
still way below the 2009 peak and *if* the line rolls over here it
could indicate a move up as per Sept 2010. Doesn't mean it will
last long -- see Mar 2008. Interesting divergence of low values
going into the 2007 top. ATR is 20 period
Here's a weekly version of %ATR. The last couple noticeable lows
%ATR rolled over first. This time it was at the same point so far.
April high had a divergence as %ATR started up before the price
high
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ATR on monthly
ATR
Posted by bkout3 on 27th of Oct 2011 at 01:13 pm
Here's a version of ATR that I like that plots it as a % of price so that the absolute value of the market (SPY in this case) is not a factor. Although we're currently at a high level we're still way below the 2009 peak and *if* the line rolls over here it could indicate a move up as per Sept 2010. Doesn't mean it will last long -- see Mar 2008. Interesting divergence of low values going into the 2007 top. ATR is 20 period
ATR on weekly
Posted by bkout3 on 27th of Oct 2011 at 03:21 pm
Here's a weekly version of %ATR. The last couple noticeable lows %ATR rolled over first. This time it was at the same point so far. April high had a divergence as %ATR started up before the price high