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Al Taglavore writes:
> 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.
I believe you are mistaken there. What you described is the "true
range" calcuation. ATR is some moving average of THOSE values.
Otherwise, what would the "number of days" have to do with it?
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