does it mean that Nifty will continue to move down...and may i request you to put timeline on that graph...just to check the periods....,.thanks for the post
Jonak, the data for this chart is from January 2012 to date.
This metric is very much different than the ATR which takes gaps into its construction but the HLR only takes the high low range.
The advantage is that a trader can align his trades accordingly - if the HLR is below 1% then one can reduce day trading, if it is above 1.3% then one can trade aggressively.
3 comments:
does it mean that Nifty will continue to move down...and may i request you to put timeline on that graph...just to check the periods....,.thanks for the post
It looks like it's going to breakdown.
Jonak, the data for this chart is from January 2012 to date.
This metric is very much different than the ATR which takes gaps into its construction but the HLR only takes the high low range.
The advantage is that a trader can align his trades accordingly - if the HLR is below 1% then one can reduce day trading, if it is above 1.3% then one can trade aggressively.
nice ....
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