Why the ATR just take one parameter?

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Viewing 4 posts - 1 through 4 (of 4 total)
  • 07/13/2019 at 11:05 AM #102518
    thomas2004ch

    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
    robertogozzi

    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
    thomas2004ch

    >>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
    robertogozzi

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

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