Quote:
Originally Posted by trading801
so for just a simple indicator of average daily range,
the average true range will do ya?
|
Hi there,
As you can see in the pic below, the ATR reads 135 for today (this is eurusd) but for the daily average, the indic reads 156. You can see, however, that the "high to low" also indicates 135. So if you're looking for the "high to low", ATR will do the trick. Just remember it's isn't the same as the Daily Average.
Hope this helps,
Ms_Mel