[amibroker] Re: How to compare ATRs between tickers?

["marketmonk777" <RedEyes777@xxxxxxxxx>]

How about creating a new indicator called ATRP where P stands for
percentage.  You could take the ATR and divide by the last price or
the average of the closing price over the same period you are
calculating ATR.


--- In amibroker@xxxxxxxxxxxxxxx, "Louis P." <rockprog80@xxx> wrote:
>
> Hi,
> 
> Anyone ever thought about how to compare some indicators (like ATR)
between
> tickers?  I mean: there is no absolute value; it all depends on the
price of
> the tickers.  Would there be any way to set an "ultimate" variable that
> would determine wheter the ATR is low or high?
> 
> I've got tickers when ATR of 1 is high, and others where the same
ATR at 1
> is very very low...
> 
> Thanks,
> 
> Louis
>



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