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Fisher2
Posted : Monday, February 5, 2018 12:50:09 PM
Gold Customer Gold Customer

Joined: 8/13/2009
Posts: 73

Bruce,

 

I have the 21 days ATR up on my tool bar so I can compare it to the daily bar range.

If a pcf for the 21 day average of the open / close range can be written would you please do one for me.

Thanks,

Fisher2

Bruce_L
Posted : Monday, February 5, 2018 12:59:54 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

If you mean the absolute difference between the open and close.

AVG(ABS(O - C), 21)



-Bruce
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Fisher2
Posted : Monday, February 5, 2018 1:09:42 PM
Gold Customer Gold Customer

Joined: 8/13/2009
Posts: 73

That is what I mean, thanks so much, Bruce.

Fisher2
Posted : Monday, February 5, 2018 5:52:46 PM
Gold Customer Gold Customer

Joined: 8/13/2009
Posts: 73

Bruce,

More help needed.  I now wish to get a ratio of the ATR 21 days to the absolute value of the open minus the close over 21 days.  You did that formula for me on Monday. 

I have a formula for the ATR 21 days that you wrote for me in the past.  I've tried using it and the absolute value open close formula that you provided.  I've tried using the two together but cannot get the value I am looking for.

I used MSFT which after the close today had the following values today per the two formulas:

ATR 21 had a value of 1.79

ABS (O-C)  21 had a value of 0.83

1.79/.83 = 2.16 rounded

Thanks, Fisher

Bruce_L
Posted : Tuesday, February 6, 2018 9:24:24 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Please try the following.

ATR21 / AVG(ABS(O - C), 21)



-Bruce
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Fisher2
Posted : Tuesday, February 6, 2018 12:08:42 PM
Gold Customer Gold Customer

Joined: 8/13/2009
Posts: 73

How simple, thanks Bruce.

Bruce_L
Posted : Tuesday, February 6, 2018 12:12:51 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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