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Re: learningboutinv post# 54163

Saturday, 06/28/2008 10:05:32 PM

Saturday, June 28, 2008 10:05:32 PM

Post# of 385288
learning..I understand ATR in the same way..the 14 is the last 14 periods of data.

In a trend..a brick is formed if the price contines in the same direction that it has been moving, the amount of the brick size and therefore fills that brick or box..it will then show the additional brick.

In a trend reversal..the price has to reverse back through the amount of the last brick displayed, plus the same amout in order to show a reversal brick. That means in a trend reversal..the change in price is 2 bricks in size.

Let me know if that is still confusing.


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