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Registered User Joined: 11/19/2015 Posts: 459
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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 Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/19/2015 Posts: 459
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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.
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Registered User Joined: 11/19/2015 Posts: 459
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Ah -- this is still the dollar value. I assume:
100 * (ATR1 / C)
For a percent-based ATR?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Yes, your formula would be the ATR as a percentage of price.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/19/2015 Posts: 459
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Perfect. Thank you.
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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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