Average Percentage True Range by Vitali Apirine
Here’s a modification of the average true range (ATR) that provides an added dimension when it comes to detecting volatility in the markets.
The average true range (ATR), which was developed by J. Welles Wilder Jr., is based on the true price range and uses absolute price changes. It’s a measure of volatility, which is something we all need to keep an eye on. Because the ATR uses absolute price changes, the ATR values are not comparable. To be able to compare ATR values with other securities, I modified the ATR slightly and created the average percentage true range (APTR)...