Re: [amibroker] Mutual Fund Money Management

["Al Venosa" <advenosa@xxxxxxxxxxxx>]

Dave, I'm guessing, but I think the answer is that, since the first 
condition is 0 and the second and third conditions would be equal 
mathematically, then the second and third conditions would be used in the 
calculation (i.e., you compare NAV with ref(NAV,-1), where NAV = O=H=L=C. That 
would be the TR, and the average TR would then be calculated over a date range 
using Wilder's smoothing. 
 
AV
 
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  ----- Original Message ----- 
  <DIV 
  >From: 
  Dave Merrill 
  
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Monday, December 01, 2003 9:39 
  PM
  Subject: RE: [amibroker] Mutual Fund 
  Money Management
  Stockcharts.com says ATR is:Wilder started with a 
  concept called True Range (TR) which is defined as thegreatest of the 
  following:- The current high less the current low. - The absolute 
  value of: current high less the previous close. - The absolute value of: 
  current low less the previous close.And I think ATR is just an MA of 
  that. I'm with Al, I don't see how thatapplies correctly to 
  MFs.Ken, do you have a ticker list of the no-ERF funds from Fidelity? 
  If you do,I'd love a copy, either here or to dmerrill at usa dot 
  net.Thanks,Dave> ARF ARF.   Sorry, 
  couldn't resist.  ART should be ATR and FidoMFs are my> list of 
  Mutual Funds available at Fidelity with no ERFs (gasp - Early> 
  Redemption Fees).> > AB happily calculates ATR(x) on mutual 
  funds, so no problem there.  I> assume the routine uses the 
  O=H=L=C that is true for all MFs.  BTW,> ranking by SD and ATR 
  does not produce the same order of funds.  Similar> in places, 
  very different other places.>  > Ken
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