Does Average True Range Agree on ES and MGC? (30-minute Charts)
Educational reference. Measured from recorded market data through September 30, 2026. Not a prediction.
Average True Range measures how much ground a bar covers — volatility, not direction. This page asks a narrower question than the price comparison: when Average True Range moves on E-mini S&P 500, does it move the same way on Micro Gold?
| Bars where Average True Range moved on both | 1,508 |
|---|---|
| … and moved the same direction | 1,021 (67.7%) |
| Price correlation, same period | +0.480 |
Why this is not the same as the price question
Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.
See LiveCharts.AI predicting Average True Range on both — 7-day free trial →
See the price relationship between ES and MGC →
See live predictions on LiveCharts.AI →
Questions traders ask
Short term ATR direction prediction LiveCharts.AI predicts where the ATR goes next on ES, up to 30 bars ahead, next to the predicted candles, and publishes how its recent ATR predictions compared with what happened. Predictive indicators →
How accurate are short term price predictions for ES? AI can give a prediction for ES, not a certainty. LiveCharts.AI shows its measured record on ES next to each prediction, so its reliability can be checked. Can AI predict futures prices? →
ES intraday prediction Today's and tomorrow's ES prediction is live in the LiveCharts.AI app; the record of past ES predictions compared with what happened is on the market page. Market prediction page →