Experiments in Technical Analysis

jaykiru · #**221** 24th September 2006, 03:36 PM

One More Chart. Nifty Daily with Elliott Wave. Comeants..@Seniors

Jay

rahulg77 · #**222** 24th September 2006, 04:07 PM

Dear Karthik,

Many a times on traderji I have seen member refer to certian terms regularly and was wishing if you could highlight on their meaning and usage for me. HHV, LLV and ATR.

Rgds

Rahul

asnavale · #**223** 24th September 2006, 07:29 PM

Quote:

Originally Posted by rahulg77

Dear Karthik,

Many a times on traderji I have seen member refer to certian terms regularly and was wishing if you could highlight on their meaning and usage for me. HHV, LLV and ATR.

Rgds

Rahul

Hi Rahul,

HHV means Highest High Value, LLV means Lowest Low Value and ATR means Average True Range. I hope you now understand the terms clearly.

-Anant

tachartist · #**224** 24th September 2006, 09:59 PM

Hi karthik

I want to inform you that many of your post and afls have been copied word to word by one jayesh and posted in the amibrokerfan forum. In some cases he has cleverly changed some names, for instance he has changed the name of RAVI to ABV. he has posted your afl on ATR trailstop, heatmap, marsi etc. Wonder whether he took your permission to do so. however he has posted them as his own.

If he has taken your permission please ignore this post.

best wishes

TAC

rahulg77 · #**225** 24th September 2006, 10:36 PM

Quote:

Originally Posted by asnavale

Hi Rahul,

HHV means Highest High Value, LLV means Lowest Low Value and ATR means Average True Range. I hope you now understand the terms clearly.

-Anant

HI Anant,

Thanks but I knew the full names. What I need to know what exactly do they represent. When we say we use ATR for S/L what exactly does ATR represent. A detailed explanation of the use of these valuse would help me understand why we use them for the reasons they are used.

Rgds

Rahul

sharantaka · #**226** 24th September 2006, 10:55 PM

Dear Kartik,
I am rather late in replying but have just registered as a member yesterday and happened to read this thread. A great gesture Kartik in the interest of all the members. Looking forward to it
Sharantaka

karthikmarar · #**227** 25th September 2006, 01:04 AM

Quote:

Originally Posted by tachartist

Hi karthik

I want to inform you that many of your post and afls have been copied word to word by one jayesh and posted in the amibrokerfan forum. In some cases he has cleverly changed some names, for instance he has changed the name of RAVI to ABV. he has posted your afl on ATR trailstop, heatmap, marsi etc. Wonder whether he took your permission to do so. however he has posted them as his own.

If he has taken your permission please ignore this post.

best wishes

TAC

Hi TAchartist,

Yes, I checked the site and found that my posts and afls are copied and posted there.

Well it is unfortunate but can't do much about it. In this open Internet world there is not much we can do about it. Like Joy suggested to me today it is better to take as a compliments rather than lose sleep over it. Anyway thanks for bringing it up.

warm regards

Karthik

karthikmarar · #**228** 25th September 2006, 01:06 AM

Quote:

Originally Posted by sharantaka

Dear Kartik,
I am rather late in replying but have just registered as a member yesterday and happened to read this thread. A great gesture Kartik in the interest of all the members. Looking forward to it
Sharantaka

Hi Sharan

Thanks for the kind words. Happy to hear this thread is beneficial to you. Hopefully I will be able to do much more.

warm regards

Karthik

karthikmarar · #**229** 25th September 2006, 01:12 AM

Quote:

Originally Posted by rahulg77

HI Anant,

Thanks but I knew the full names. What I need to know what exactly do they represent. When we say we use ATR for S/L what exactly does ATR represent. A detailed explanation of the use of these valuse would help me understand why we use them for the reasons they are used.

Rgds

Rahul

Hi Rahul
Brief explanation of ATR, HHV and LLV
ATR or the Average True Range was first defined by Welles wilder as a measure of volatility over a stock’s volatility over a given period.

More specifically, the average true range is the (moving) average of the true range for a given period. The true range is the greatest of the following:
· The difference between the current high and the current low
· The difference between the current high and the previous close
· The difference between the current low and the previous close

The value returned by the average true range is simply an indication as to how much a stock has moved either up or down on average over the defined period. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant.

ATR is also popularly used for trail stopping. Basically it is a volatility stop. When the volatility toward the opposite direction occurs you get stopped. Normally stops are designed in multiples of ATR. So in a trail stop like the popular chandelier exits the stop is always from the highest high over a specified period.

Highest high or HHV is the value the highest value of the stock over the specified period. (Note not the highest close but the highest high).

In the same way LLV is the lowest “Low” value for the stock in the specified period.

The HHV and LLV are quite useful functions to find the range of a price range over a period. The stochastic formula uses the HHV and LLV

Stochastic K (n period)= close – LLV(n)/ HHV(n)-LLV(n)

Hope this would clarify some of doubts.

Regards

Karthik

rahulg77 · #**230** 25th September 2006, 11:13 AM

Quote:

Originally Posted by karthikmarar

Hi Rahul
Brief explanation of ATR, HHV and LLV
ATR or the Average True Range was first defined by Welles wilder as a measure of volatility over a stock’s volatility over a given period.

More specifically, the average true range is the (moving) average of the true range for a given period. The true range is the greatest of the following:
· The difference between the current high and the current low
· The difference between the current high and the previous close
· The difference between the current low and the previous close

The value returned by the average true range is simply an indication as to how much a stock has moved either up or down on average over the defined period. High values indicate that prices are changing a large amount during the day. Low values indicate that prices are staying relatively constant.

ATR is also popularly used for trail stopping. Basically it is a volatility stop. When the volatility toward the opposite direction occurs you get stopped. Normally stops are designed in multiples of ATR. So in a trail stop like the popular chandelier exits the stop is always from the highest high over a specified period.

Highest high or HHV is the value the highest value of the stock over the specified period. (Note not the highest close but the highest high).

In the same way LLV is the lowest “Low” value for the stock in the specified period.

The HHV and LLV are quite useful functions to find the range of a price range over a period. The stochastic formula uses the HHV and LLV

Stochastic K (n period)= close – LLV(n)/ HHV(n)-LLV(n)

Hope this would clarify some of doubts.

Regards

Karthik

Yes Karthik,

It very much does help me understand what they mean.

Regards

Rahul

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