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0002ct
Posted : Monday, March 12, 2018 2:42:39 PM
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Joined: 11/19/2015
Posts: 459

Hello. 
I use (H -L + ABS(H - C1) + ABS(C1 - L)) / 2 for ATR. Is there an equivalent by-percent formula I can use so that I can set a value and "bars in a row" in the scan settings?

Thank you very much.

Bruce_L
Posted : Monday, March 12, 2018 2:49:26 PM


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

That is what I would use for TC2000 v7. While it can also be used in TC2000 v17 and the TC2000 v18 beta, there is shorter syntax available there.

ATR1

Average True Range (ATR)



-Bruce
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0002ct
Posted : Monday, March 12, 2018 3:08:45 PM
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Joined: 11/19/2015
Posts: 459

Ah, I wondered where I got it. Well it doesn't get much simpler than that. You can always rely on me to ask the simple questions. ;)

Thanks again.

0002ct
Posted : Monday, March 12, 2018 3:13:59 PM
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Joined: 11/19/2015
Posts: 459

Ah -- this is still the dollar value. I assume:

100 * (ATR1 / C)

For a percent-based ATR?
Bruce_L
Posted : Monday, March 12, 2018 3:16:27 PM


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

Yes, your formula would be the ATR as a percentage of price.



-Bruce
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0002ct
Posted : Monday, March 12, 2018 3:17:18 PM
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Joined: 11/19/2015
Posts: 459

Perfect. Thank you.

Bruce_L
Posted : Monday, March 12, 2018 3:20:45 PM


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

You're welcome.



-Bruce
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