What is the process to calculate the Average True Range (ATR) for digital currencies?

1 answers

• Dec 14, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a wide range of trading options for cryptocurrency enthusiasts. While BYDFi does not directly calculate the Average True Range (ATR) for digital currencies, traders can use this indicator to analyze the volatility of various digital assets. The process of calculating the ATR involves determining the true range for each day, which is the highest value among the difference between the current high and low, the absolute value of the difference between the current high and the previous close, and the absolute value of the difference between the current low and the previous close. Traders can then use the ATR to assess potential price movements and set appropriate stop-loss levels. Overall, the ATR is a valuable tool for traders looking to analyze the volatility of digital currencies and make informed trading decisions.
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