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• Redefining Volatility And Position Risk by C.A. Kase, C.T.A.

  ARTICLE SYNOPSIS ...Redefining Volatility And Position Risk by C.A. Kase, C.T.A. A method on looking at the volatility of intraday price bars using a stop system called the ""dev-stop."" Volatility is the key to understanding market behavior. Volatility is the change in price and thus, by definition, is directly related to price. I normally use true closing range (TCR) as a measure of volatility rather than the annualized price probability that options traders employ. The true closing range is the largest absolute value of three possibilities: (1) high minus low, (2) high minus previous close or (3) low minus p...

AUTHOR: C.A. Kase, C.T.A.DATE: OCT 1993