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Mike wrote, "ATR(10) = the average of the last 10 ATR(1)'s. Essentially
the same
> as MOV(ATR(1), 10, S). I think that's what Bob was getting at.
>
Don't think so. Plot it on a chart just as you have written it above and
see how it plots.
If what you have written is correct, you should have one line.
----------
> From: Mike Campbell <ug@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: atr
> Date: Friday, July 14, 2000 11:24 AM
>
> Al Taglavore writes:
> > ATR(1) would simply be the true range for one day. I fail to see the
value
> > of taking an "n" day moving average of one day.
>
> I think we have a disconnect.
>
> ATR(1) = TR.
>
> ATR(10) = the average of the last 10 ATR(1)'s. Essentially the same
> as MOV(ATR(1), 10, S). I think that's what Bob was getting at.
>
> That seems to be what you're using in your recent discussions, if I'm
> not mistaken.
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