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Does Average True Range Agree on MNG and NG? (5-minute Charts)
Educational reference. Measured from recorded market data through September 5, 2026. Not a forecast.
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 Micro Natural Gas, does it move the same way on Natural Gas?
| Bars where Average True Range moved on both | 7,049 |
|---|---|
| … and moved the same direction | 5,302 (75.2%) |
| Price correlation, same period | +0.851 |
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.
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