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Why the ATR just take one parameter?

thomas2004ch · 2019-07-13T10:05:58+00:00

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

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ProBuilder: Indicators & Custom Tools
Why the ATR just take one parameter?

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07/13/2019 at 11:05 AM #102518 quote

thomas2004ch
Participant

Senior

Hi,

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

Regarsd

Thomas

07/13/2019 at 11:23 AM #102519 quote

robertogozzi
Moderator

Legend

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.

07/13/2019 at 1:18 PM #102520 quote

thomas2004ch
Participant

Senior

>>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?

07/13/2019 at 1:22 PM #102521 quote

robertogozzi
Moderator

Legend

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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thomas2004ch @thomas2004ch Participant

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

Topic Details

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

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Why the ATR just take one parameter?

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Why the ATR just take one parameter? ProBuilder: Indicators & Custom Tools

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Why the ATR just take one parameter?

ProBuilder: Indicators & Custom Tools