ATR for either Red or Green Days?

JeffRiddell

New member
Noob member. This is my first post.

I use ATR as a trailing stop in my swing trades. Generally happy with the way it works. However, I noticed that red bars (days) seem to be larger and fewer than green bars. I would like to know if there is a significant difference in trading ranges between red or green days.

Suggestions?

Many thanks.
 
@JeffRiddell Welcome to the usethinkscript forums... What you are experiencing is the reality that prices generally fall further faster than they rise... It's just the nature of the beast of trading... Everyone wants to jump onboard the gravy train while everything is positive but then want to jump ship as soon as things start looking iffy, taking profits while they still can... The closer to the top people jumped onboard, the sooner they will jump ship and cause a domino effect... Make sense...??? And in reality, that is why there are contra-traders who love trading those short swift downtrends...
 

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