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Hipster "TA"
goodboy edited this page May 18, 2021
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This page contains notes and links to resources on various uncommon technical indicators, patterns and charting resources. The collection seems important since you may not get exposed to such techniques and heuristics without firsthand experience trading or inside a trading community.
ATR: Average True Range
- Useful for back-adjustments in futures as well as a volatility measure
- Invariant to a constant price offsets (as opposed to std) and thus good for splicing together monthlies into a continuous contract.
- Good heuristic for stop loss settings
- Provides a self-adjusting risk limit dependent on the market volatility for strategies without a fixed stop-loss placement.
- Aids with position sizing, a larger ATR would suggest smaller positioning and vice-versa.
- trading view has an
atr()
which implements the so calledrma()
of TR (as in the wikipedia definition).
TRIMA: Triangular Moving Average
A highly smoothed average of an average. Oddly there seems to be no strict definition despite there being multiple platform implementations: