Keyword Description
Average True Range (Wilder)
Cllass
Indicator
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
l |
l |
l |
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Syntax
ATR[n]
Where n is an integer representing the number of days in the study.
Example
Sample code
COL2 = ATR[15] 'use the original with exponential average
-OR-
COL2 = ATR[1] 'use with simple average
COL3 = SMA[COL2, 15, 0]
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This indicator was designed and popularized by Welles Wilder and is calculated exactly as he specified. Other software products use their own calculation methods. True Range is defined as the maximum of: Today's High - Today's Low Today's High - Yesterday's Close Yesterday's Close - Today's Low The Average True Range function returns the exponential average of the true range over a selected number of days. |
