Why the ATR just take one parameter?

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  • #102518 quote
    thomas2004ch
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    Hi,

    I thought normally the ATR take 3 parameters: high, low and close. But by Prorealtime it just take one, the close.

     

    Regarsd

     

    Thomas

    #102519 quote
    robertogozzi
    Moderator
    Master

    This is the formula https://en.wikipedia.org/wiki/Average_true_range.

    It only needs to know the periods for which you want to calculate it.

    The other data are known and can’t be modified.

    #102520 quote
    thomas2004ch
    Participant
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    >>It only needs to know the periods for which you want to calculate it.

    But it seems I can also choose if I use the close as input or the other such as  (h+l+c)/3, right?

    #102521 quote
    robertogozzi
    Moderator
    Master

    Yes, from the indicator’s properties you can choose to apply ATR to other than CLOSE.

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Why the ATR just take one parameter?


ProBuilder: Indicators & Custom Tools

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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
6 years, 8 months ago.

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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 07/13/2019
Status: Active
Attachments: No files
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