As per ATR today's up move is over!

NSE:NIFTY   Nifty 50 Index
As per ATR 124, NIFTY future can not move more than this so calucation with 5% penetraction:

10917 + 124 = 11044 and + %P 6.5
NF future following its ATR.
I have updated today morning ATR and all


can you please tell me about any back testing results if you have carried ? and what is the ATR period ?? thanks in advance
+2 Reply
@I-Fund-Trader, The ATR is 14 days on daily base candlestick. ATR is not always 100% sure but from ATR we can know the range of stock with 5% penetration. So I generally checked ATR.
I-Fund-Trader Kinnari_Prajapati
@Kinnari_Prajapati, OK we take account of 20 days ATR Range , both high & Low and we have coded it in our Trading desk software , although we forecast based on our Wave Principal & Fib levels , we do take this as secondary view , thanks
+1 Reply
@I-Fund-Trader, Actually I master of php and and other language too include, Jquery, AJAX and lot. I know also how to fetct live rate and convert in DB. Well, thanks for ATR discussion.
Now I’m wondering your account name was something different yesterday. What happened?
Looks like you trade more on the short side, I think we could be good friends.
@French_Fries, Yes, I prefer to trade in short side but, i always wait for changing trend with confirmation.
Are you sure? if not nifty short sellers might protest in New Delhi for a bailout package.
@French_Fries, Yes I am sure but, one thing to think about is that What is exact rate...! I am just waiting for that.
French_Fries Kinnari_Prajapati
@Kinnari_Prajapati, I noticed a line of people ICICI bank applying for loan, I asked what happened bro they said they shorted nifty yesterday.
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