The Normalized ATR extends the function of the ATR by being able to get a volatility measure that is directly comparable across stocks with different prices. This is accomplished by calculating the ATR as a percentage of the stock price.
The Average True Range is an indicator used to determine stock price volatility; it measures how much price moves on average over a given period. Welles Wilder introduced it in his book “New concepts in technical trading systems.
The Standard Deviation of Daily Price Returns is a statistical measure representing the volatility or risk in an instrument. It tells you how the daily price return can deviate from the historical mean.
The” range” forms the fabric of market structure as we know it. Being able to identify and use it within the daily-price context proves itself as a great tool.
First we find pivots, then we connect them to make levels. We use these levels to box in interesting structures. This is the process.
Market structure is self-apparent. It is our methods that are attempts at accurately defining what it is and how it will behave.
YTD stands for “Year To Date,” which refers to the nature of a stock’s performance since the start of the calendar year to the current date.