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

["Louis P." <rockprog80@xxxxxxxxx>]

Hi,

It sound really interesting!  But... how would you do that?  I mean: The ATR can calculate a number of bars, but how to make it calculate a % over a number of bars?

Thanks,

Louis

2008/9/16 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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