Hi everyone,
I am curious if anyone has an opinion on this. I am wondering, regardless of the timeframe used, if anyone has a suggestion for optimal period(s) for ATR when used to guide the calculation of stop loss and/or take profit.
Specifically, I have seen ATR(8) and ATR(14) used. Does anyone have an opinion on which tends to be better in practical use? What do you think the pro's and con's are?
If you prefer one over the other, please also explain why.
Thanks for any advice in advance!
I am curious if anyone has an opinion on this. I am wondering, regardless of the timeframe used, if anyone has a suggestion for optimal period(s) for ATR when used to guide the calculation of stop loss and/or take profit.
Specifically, I have seen ATR(8) and ATR(14) used. Does anyone have an opinion on which tends to be better in practical use? What do you think the pro's and con's are?
If you prefer one over the other, please also explain why.
Thanks for any advice in advance!