ATR using O/Close | Forex Factory

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ATR using O/Close

  • #1
  • First Post: Jul 23, 2008 4:07am Jul 23, 2008 4:07am
I'm not sure if my ATR is using H/L or O/Close.

I'm looking for O/Close


thanks
  • #2
  • Jul 23, 2008 4:13am Jul 23, 2008 4:13am
metatraders atr uses H/L. Haven't seen one like you describe.
  • #3
  • Jul 23, 2008 4:28am Jul 23, 2008 4:28am
Actually the way ATR is defined... it uses neither, strictly speaking, as it uses a combination of previous-day closes and highs and lows.

From:
http://stockcharts.com/school/doku.p...true_range_atr

Wilder started with a concept called True Range (TR) which is defined as the greatest of the following:

  1. The current High less the current Low.
  2. The absolute value of the current High less the previous Close.
  3. The absolute value of the current Low less the previous Close.

  • #4
  • Jul 23, 2008 6:25am Jul 23, 2008 6:25am
Any chance to get a atr with Open/Close??


thanks
  • #5
  • Last Post: Jul 23, 2008 8:59am Jul 23, 2008 8:59am
Well then it wouldn't be an ATR indicator, it'd just be a daily open/close range indicator. But yea, I'm sure they're out there.
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