How do you calculate Average Daily/True Ranges?
Can anyone tell me step by step and simply how you calculate ATR manually as I donít like using an indicator and it is too confusing plus I do not think itís very accurate rather do it the old fashioned way.
Pretty much tells you all you need to know here http://stockcharts.com/school/doku.p...true_range_atr
I don't see why the ATR indicator is so confusing though?
A bit shorter explanation (and without ads) can be found on Wikipedia:
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