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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?
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