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Registered User Joined: 12/30/2012 Posts: 39
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that have a larger ATR15 compared to the current price? Thank you
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Average true range is almost always going to be significantly smaller than price.
That said, you could write the formula as follows in TC2000 v17.
ATR15 > C
I suspect you are actually looking for something else like where price is relative to a high or low plus or minus a multiple of ATR.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 12/30/2012 Posts: 39
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This doesn't give me what I'm looking for: stocks that have a higher ATR15 compared to price than other stocks - ie a stock with an ATR15 of $.50 and a price of $10.00 vs a stock with an ATR15 of $.05 and a price of $10.00. Thank you.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Probably the best way to compare the ATR of one symbbol to the ATR of another symbol when prices are different are to express ATR as a percentage of a moving average over the same period.
100 * ATR15 / AVGC15
But you can also express it as a percentage of the current price.
100 * ATR15 / C
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 12/30/2012 Posts: 39
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Thanks Bruce - just what I was looking for.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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