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Linda,
I devine the average true range as the average ( N
day) of the true range.
The way I explained true range to my programmer is the
distance from the high to the low provided that
yesterdays close was inside of it. If it was out side
of it then I use the prior days close as a high if it
is higher than the high or as the low if it was lower
than the low.
Subtract the low from the high and you have the true
range.
===
Big Lucky Dick
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