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There's an easier way to explain true range. The True High is the larger
of today's high and yesterday's close. The True Low is the smaller of
today's low and yesterday's close. And the True Range is the True High
minus the True Low. It's easier to program this way because there are no
IFs to think about.
--
M. Edward Borasky znmeb@xxxxxxxxxxxx http://www.teleport.com/~znmeb
Need a new trombone? Buy now -- don't let it slide.
----- Original Message -----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Friday, April 16, 1999 16:46
Subject: Re: Average True Range
> 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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