Registered User
Joined: 11/17/2005
Posts: 6
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Does version 7 include indicator for average true range? Thanks!!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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No, average true range is not one of the built in indicators, but you can create it using a Custom Indicator.
Use the following Formula setting.
(H - L + ABS(H - C1) + ABS(C1 - L)) / 2
And then set the Period and Average Type as desired. Use a Simple Average Type to match v18.
If you want it to be Wilder's smoothed, set the Average Type to Exponential, double the desired Wilder's period and then subtract one to get the Period to use for the Custom Indicator.
-Bruce
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