How about creating a new indicator called ATRP where P stands for percentage. You could take the ATR and divide by the last price or the average of the closing price over the same period you are calculating ATR.
--- In [email protected], "Louis P." <[EMAIL PROTECTED]> wrote: > > Hi, > > Anyone ever thought about how to compare some indicators (like ATR) between > tickers? I mean: there is no absolute value; it all depends on the price of > the tickers. Would there be any way to set an "ultimate" variable that > would determine wheter the ATR is low or high? > > I've got tickers when ATR of 1 is high, and others where the same ATR at 1 > is very very low... > > Thanks, > > Louis >
