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

["Tony Grimes" <Tonez.Email@xxxxxxxxx>]

Easy, bar is an array, ATR() does not accept an array, has to be a fixed number.

On Tue, Sep 16, 2008 at 9:13 PM, Louis P. <rockprog80@xxxxxxxxx> wrote:

Hi,

Thank you for the explanation of a day ranger.  I guess high ATR on a daily basis can lead to great intraday trading if I understand this right.

So far, my understanding of the HHVBars command is that it calculates the number of bars from the latest HHV.  So, logically,

bar = HHVBars( C, 20 );

should mean that bar will be equal to the number of bars from the time when the close was at its highest in the lastest 20 bars.  So it should be an integer number (e.g. 1, 2, 3, etc.)

Then, why is

ATR10 = ATR(bar); 

not working?

I am puzzled...

Thanks,

Louis

2008/9/16 marketmonk777 <RedEyes777@xxxxxxxxx>

> What do you mean by "day ranger"? I am looking for stocks with not
too much volatility. Maybe this is it?

-----------------------------------------------
Day Rangers are the ones with a lot of volatility. You could scan for
low ATRPs (ATR divided by the last closing price).

-------------------------------------------------

I tried to include a variable in your code, but for some reason
something is wrong. Instead of ATR(10) or ATR(15) I wanted to
determine the ATR in function of the number from the HHVBars.

So here is what I did:
bar = HHVBars( C, 20 );
ATR10 = ATR(bar);

Does not work, unfortunately...

------------------------------------------------

I think bar is a value of the Highest Closing Price over the last 20
periods. Not sure how to count the number of bars since but do
vaguely remember seeing some code on how to do it.

Hopefully some kind soul can come to the rescue

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