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Average range= average daily range?
Is that ATR x14? Or how do we estimate that?
Average range= average daily range?
Yes.
Is that ATR x14? Or how do we estimate that?
Just looking at the last 2-3 days' range.
Both charts on this slide appear to indicate a Big selloff on the open (25%-100%, / 3 day average) often results in a big swing up.
(TR day= close near open/ doji day)
Yes, it is the blue rectangle trade that you have to shot for but most of the time it doesn't work and you get instead a small profit or loss. The key is to let it run when it indeed works.
