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Re: Built in ATR indicator vs. custom ATR


  • To: metastock@xxxxxxxxxxxxx
  • Subject: Re: Built in ATR indicator vs. custom ATR
  • From: BAUDECB@xxxxxxxxxxxxx (Christian Baude)
  • Date: Wed, 26 May 1999 21:27:36 -0400 (EDT)
  • In-reply-to: <24FA77225FA5D111869F0000C025B6F293504E@xxxxxxxxxxxxxxxxx>

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On Wed, 26 May 1999 09:15:48 -0600, Equis Support wrote:

>The actual ATR does not use a simple moving average. Welles Wilder uses
>his own smoothing (a modified exponential average) which is the function
>"Wilders" in MetaStock. Try you formula this way:
>
>periods:=Input("ATR Periods?",1,100,10);
>TH:=If(Ref(C,-1)  H,Ref(C,-1),H);
>TL:=If(Ref(C,-1)  L,Ref(C,-1),L);
>TR:=TH-TL;
>Wilders(TR,periods)

Yngvi Hardarson [mailto:hardy@xxxxxxxxxxxxx] wrote:

>ATR custom indicator:
>periods:=Input("ATR Periods?",1,100,10);
>TH:=If(Ref(C,-1) >  H,Ref(C,-1),H);
>TL:=If(Ref(C,-1) < L,Ref(C,-1),L);
>TR:=TH-TL;
>Mov(TR,periods,S)

Did Equis' OLR digest the [Greater than] and [Less than] symbols?

-= Chris ß =-
Using MetaStock/FastTrack/FastRUBE/FastTools/EZPnF/TC2000