How do you calculate Average Daily/True Ranges?

Hi,

Can anyone tell me step by step and simply how you calculate ATR manually as I don’t like using an indicator and it is too confusing plus I do not think it’s very accurate rather do it the old fashioned way.

Thanks.

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:
http://en.wikipedia.org/wiki/Average_True_Range