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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » atr5.1

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pwalk
Posted : Saturday, August 9, 2014 1:30:05 PM
Gold Customer Gold Customer

Joined: 12/24/2004
Posts: 33

for TC2000 v12.4, trying to determine the formula to compute the 5 day ATR as of yesterday's close.  Any help is appreciated!   
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Bruce_L
Posted : Monday, August 11, 2014 12:25:17 PM


Worden Trainer

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

Please try the following Indicator Formula.

(AVGH5.1 - AVGL5.1) / 2 + (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)) / 10


-Bruce
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