Jump to content

Recommended Posts

Dear team,

I am practicing the ORB5 trade for a couple of days now. I noticed that the first 5 Minute bars are always quite long. 
I tried to use the ATR14 to assess the length of the bar.  However I noticed that it is always considerably smaller then the bar

EG. today JD (see below), ATR14 on 5 minute chart is 0.19, the bar is about 0.5 but does not look too long. What is the mistake here?

Thanks in advance

Dieter

image.thumb.png.eb1225a070b8b6bc2e7a7117e15f92bb.png

Share this post


Link to post
Share on other sites

I believe you should be getting your ATR from the daily chart. I have my daily chart set to show ATR in the Volume area. When I'm setting up my watchlist, I have a column where I type in that ATR number from the daily chart on that stock.


If you don’t have a mountain to climb, find one.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.