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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.
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> 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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