Forex encyclopedia

Random article: Average True Range
Average True Range (ATR) is an indicator of technical analysis measuring volatility of financial asset. Originally, this indicator was purposed for trading with commodity futures. ATR indicator is not dedicated to forecasting direction of asset's movement and moreover does not have a goal to make any kind of forecasting. Average True Range is only meant to describe volatility (present variability) of instrument (asset) and is developed as a supplementary indicator of technical analysis, which must be combined with other indicators. In other words, Average True Range assists in analysis of one or another asset.
Popular article: Keltner Channel
Keltner Channel is an indicator of technical analysis, which is similar to Bollinger's. The indicator is based upon moving averages in the form of median moving value and an envelope, width of which is defined by change of price for an interval. This method was published in 1960 year in the book “How to make money in commodities” written by Chester W. Keltner. Later this indicator was updated by Linda Raschke with various averaging periods (exponential moving value) as well as by an Average True Range invented by Wilder for bands. Keltner Channel are used as signals of price breaks, figures of tendency, overbought and oversold figures for an asset. Such difference is crucial but despite that fact all those figures are called Keltner Channel thereby confusing everybody.
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