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• Momentum Trader 💫
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Aug 9, 2022 • 12 tweets • 3 min read
For many its still a Complex domain, for few an important tool.
A Thread 🧵 on #OptionChain & basic use from the scratch with example :
Option Chain is a place where we can scan Strike Price, Open Interest, Premium & Price of a derivative for a particular expiry and derivative
Let's see the components and what you need to find out from the Options Chain :
Link - nseindia.com/option-chain
Expiry
- Monthly & Weekly in Index.
- Monthly in Equity
Option Chain Components below with middle value as Strike prices:
May 8, 2022 • 8 tweets • 2 min read
A thread on ATR 🧵
Average True Range (ATR) is a technical analysis indicator, introduced by J. Welles Wilder Jr. in his book "New Concepts in Technical Trading Systems"
It was originally developed for use in commodities markets.
Average True Range (ATR) is the average of true ranges over the specified period of time.
It measures volatility, taking into account any gaps in the price movement. ATR calculation is based on 14 Periods / Days / SMA which can be either intraday, weekly or monthly.