Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder, Jr. for commodities. The indicator does not provide an indication of price trend, simply the degree of price volatility. The average true range is an N-day exponential moving average of the true range values. Wilder recommended a 14-period smoothing.
Read more about Average True Range: Calculation, Applicability To Futures Contracts Vs. Stocks
Famous quotes containing the words average, true and/or range:
“Today everything is different. I can’t even get decent food. Right after I got here I ordered some spaghetti with marinara sauce and I got egg noodles and catsup. I’m an average nobody, I get to live the rest of my life like a schnook.”
—Nicholas Pileggi, U.S. screenwriter, and Martin Scorsese. Henry Hill (Ray Liotta)
“The true preacher can be known by this, that he deals out to the people his life,—life passed through the fire of thought.”
—Ralph Waldo Emerson (1803–1882)
“but we wish the river had another shore,
some further range of delectable mountains,”
—Robert Lowell (1917–1977)