Yes keep this in mind: You count back from the most recently closed candle.
You can use the current candle as an eyeball method, but the rules can't be applied until it closes.
For simplicity sake - Use the MOST RECENTLY closed candle!
You can use the current candle as an eyeball method, but the rules can't be applied until it closes.
For simplicity sake - Use the MOST RECENTLY closed candle!
DislikedHi Ido370,
1. Your indicator gives ATR value not for the closed current candle (pointed by an arrow). The value is for the unclosed current candle. Look at the attachment.
2. The HH5 - LL5 value is correct which give the value from last 5 candles counting backward from the closed current candle (pointed by an arrow).
Need comment from Colostarr.
ThanksIgnored