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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.
----- Original Message -----
From: Al Taglavore <altag@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 14, 2000 12:34 AM
Subject: Re: atr
> Neither. As Welles Wilder developed it, a moving average was not used.
> MetaStock has it programmed. Simply pull up the indicator and type in the
> number of days. Today's ATR is the distance from today's low to today's
> high OR from yesterdays close to today's high.....whichever is greater.
> This accounts for any gaps from the previous close to the low of the
> current day.
>
>
>
> ----------
> > From: Mike Campbell <ug@xxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: atr
> > Date: Thursday, July 13, 2000 11:42 AM
> >
> >
> > When you guys talk about ATR, do you use a simple or exponentially
> > smoothed average of the true range?
> >
> >
> > --
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