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| Added: January 14, 2007 |
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Re: Built in ATR indicator vs. custom ATR
· To: metastock@xxxxxxxxxxxxx
· Subject: Re: Built in ATR indicator vs. custom ATR
· From: BAUDECB@xxxxxxxxxxxxx (Christian Baude)
· Date: Thu, 27 May 1999 01:16:34 GMT
· Cc: Equis Support <support@xxxxxxxxx>
· In-Reply-To: <24FA77225FA5D111869F0000C025B6F293504E@xxxxxxxxxxxxxxxxx>
· References: <24FA77225FA5D111869F0000C025B6F293504E@xxxxxxxxxxxxxxxxx>
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx
On Wed, 26 May 1999 09:15:48 -0600, Equis Support wrote:
The actual ATR does not use a simple moving average. Welles Wilder uses >his
own smoothing (a modified exponential average) which is the function "Wilders"
in MetaStock. Try you formula this way:
Code:
ATR Custom Indicator
periods:=Input("ATR Periods?",1,100,10);
TH:=If(Ref(C,-1) > H,Ref(C,-1),H);
TL:=If(Ref(C,-1) < L,Ref(C,-1),L);
TR:=TH-TL;
Wilders(TR,periods)
ATR (mine) I
prd1:=input("enter ATR period",1,9999,7);
prd2:=(prd1*2)-1;
{max (absolute) of yesterday's close to today's high or today's low}
myatr1:=Max(Abs(Ref(C,-1)-H),Abs(Ref(C,-1)-L));
{max of yesterday's close to today's high or today's low or today's range}
myatr2:=Max(myatr1,H-L);
myatr2
ATR (mine) II (H - L + Abs(H - Ref(C,-1)) + Abs(L - Ref(C,-1)) )/2
Source: http://purebytes.com/archives/metastock/
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