what is average true range
The average true range is an N-day smoothed moving average (SMMA) of the true range values.Wilder recommended a 14-period smoothing.he range of a day's trading is simply. The true range extends it to yesterday's closing price if it was outside of today's range. The true range is the largest of the: 1  Most recent period's high minus the most recent period's low. 2  Absolute value of the most recent period's high minus the previous close.