I'm confused about the ATR value when looking at a JPY pair.
For example when I look at a 1 hour Cable chart the ATR value is 60 which means 60 pips, I'm pretty sure, if that's wrong, then I'm way off.
However on a GBP/JPY 1 hour chart the ATR value is .9193. I'm thinking maybe you have to move the decimal over a couple places and then the value is 91 or maybe 93 pips? If it's not that, then I have no idea how to interpret it.
By the way these are just random parts on the chart I picked, nothing special about them.
I've looked on the web and FF and I still can't find a answer so if any one can help me out, I'd greatly appreciate it.
Thanks everyone
For example when I look at a 1 hour Cable chart the ATR value is 60 which means 60 pips, I'm pretty sure, if that's wrong, then I'm way off.
However on a GBP/JPY 1 hour chart the ATR value is .9193. I'm thinking maybe you have to move the decimal over a couple places and then the value is 91 or maybe 93 pips? If it's not that, then I have no idea how to interpret it.
By the way these are just random parts on the chart I picked, nothing special about them.
I've looked on the web and FF and I still can't find a answer so if any one can help me out, I'd greatly appreciate it.
Thanks everyone