Gold Customer
Joined: 11/19/2015 Posts: 273

Hello.
The builtin ATR is in dollars, correct? Is there an absolutevalue ATR (in percent)? If not, could you please help me with building one? Thank you.


Worden Trainer
Joined: 10/7/2004 Posts: 61,012

ATR is going to be in US dollars for stocks traded on US exchanges.
If you are going to return ATR as a percentage, you need to determine the basis to use for the calculations. If you want to use the previous close.
100 * ATR / C1
If you want to use the current price.
100 * ATR / C
If you want to use something else, just replace the C1 or C in the formula.
Bruce Personal Criteria Formulas TC2000 Support Articles


Gold Customer
Joined: 11/19/2015 Posts: 273

Bruce, thank you. This makes sense.


Gold Customer
Joined: 11/19/2015 Posts: 273

To follow up on this, what is the period being averaged for the ATR in th example calcuation? I assume it's one period base on the information in the data window when hovering over the plot and since there's no parameter for the period. I'm looking at WBMD, with a calcuation of .03 percent.
Can the period be used in the same calcuations, like:
100 * ATR(14) /C


Gold Customer
Joined: 11/19/2015 Posts: 273

To add to the above, when I use:
TrueInRow(100 * ATR(14) / C, 5) < .50
as a column condition, I'm not seeing the true condition appear where I expect it to. For example, SPLS has been under .50 for at least 5 days in a row, but it doesn't validate as such using the above....


Worden Trainer
Joined: 10/7/2004 Posts: 61,012

ATR defaults to a period of 1 (which is essentially true range and not average true range). So if you want to use a 14 period average true range, then it can be written exactly as you have already done.
Bruce Personal Criteria Formulas TC2000 Support Articles


Gold Customer
Joined: 11/19/2015 Posts: 273

Ah, ok. Yes, I knew that it was the true range, also, but didn't want to assume and thought something else might be happening.


Gold Customer
Joined: 11/19/2015 Posts: 273

Is this it?
100 * ((AVGH14  AVGL14) / 2 + (ABS(H  C1) + ABS(C1  L) + ABS(H1  C2) + ABS(C2  L1) + ABS(H2  C3) + ABS(C3  L2) + ABS(H3  C4) + ABS(C4  L3) + ABS(H4  C5) + ABS(C5  L4) + ABS(H5  C6) + ABS(C6  L5) + ABS(H6  C7) + ABS(C7  L6) + ABS(H7  C8) + ABS(C8  L7) + ABS(H8  C9) + ABS(C9  L8) + ABS(H9  C10) + ABS(C10  L9) + ABS(H10  C11) + ABS(C11  L10) + ABS(H11  C12) + ABS(C12  L11) + ABS(H12  C13) + ABS(C13  L12) + ABS(H13  C14) + ABS(C14  L13)) / 28) / C


Worden Trainer
Joined: 10/7/2004 Posts: 61,012

100 * ATR(14) / C
Is the same as the longer formula (at least if you are using TC2000 v17).
100 * ((AVGH14  AVGL14) / 2 + (ABS(H  C1) + ABS(C1  L) + ABS(H1  C2) + ABS(C2  L1) + ABS(H2  C3) + ABS(C3  L2) + ABS(H3  C4) + ABS(C4  L3) + ABS(H4  C5) + ABS(C5  L4) + ABS(H5  C6) + ABS(C6  L5) + ABS(H6  C7) + ABS(C7  L6) + ABS(H7  C8) + ABS(C8  L7) + ABS(H8  C9) + ABS(C9  L8) + ABS(H9  C10) + ABS(C10  L9) + ABS(H10  C11) + ABS(C11  L10) + ABS(H11  C12) + ABS(C12  L11) + ABS(H12  C13) + ABS(C13  L12) + ABS(H13  C14) + ABS(C14  L13)) / 28) / C
Bruce Personal Criteria Formulas TC2000 Support Articles


Gold Customer
Joined: 11/19/2015 Posts: 273

Thank you very much. This helps a ton. Thanks again.


Worden Trainer
Joined: 10/7/2004 Posts: 61,012

You're welcome.
Bruce Personal Criteria Formulas TC2000 Support Articles


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