Always reassuring when we find professional traders think the way we do. The latest example being trading rock-star and author AHG’s latest blog post. Not just the main message is solid, there’s lots of gems to unwrap in almost every paragraph as well. Here, we just want to highlight two points:
like us, AHG chooses a lookback period of 20 for his ATR reading, and provides the reason to do so as well. (Note that in The Remek! Suite the default is also 20, but is, of course, customizable.)
AHG uses a lookback period of 1 to compare the most recent candle to the previous candle to arrive at a meaningful measurement of candle-to-candle volatility changes that we also constantly monitor with our RRR indicator (see Market Scanner Pro’s third column below. Note NG’s reading, which may give us work for the upcoming sessions).
Make sure you give AHG’s post a good read, and then study closely how The Remek! Suite v4.50 puts professional trading onto your desktop!
The Remek! Suite v4.50