|
PureBytes Links
Trading Reference Links
|
No Sir. What I said Weilder always uses simple moving average methods to
calcuate the average of any of his indicator. Of couse, his method is little
different from the normal average, what we use (i.e. Average of X = Sum of X
/ Number of X). But my point is that I have not read the use of exponential
moving average by Weilder in any of his book.
Bhanja
----- Original Message -----
From: Mike Campbell <ug@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, July 16, 2000 12:40 PM
Subject: Re: atr
> Dr. R.BHANJA writes:
>
> > Of course ATR for one day is calculated as you said. But ATR over a X
days
> > can be calculated by taking a simple or exponential or weighted .....
> > average method. But the interesting point is that Metastock uses the
> > Wielder's average method to compute the simple moving average. But this
> > differs greatly if you compute the average by taking the sum of ATR over
> > Xdays and divide it by X.
> >
>
> Welles Wilder's ATR uses a form of an exponentially smoothed MA of the
> true range, but his method doesn't let you specify days; it just...
> is.
>
> Is this what you mean or am I misreading you?
|