Registered User Joined: 2/15/2012 Posts: 25
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Trying to write: ATR (2) > 0.75
Thankyou....
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Like the last question, I'd probably do it by adding the Average True Range indicator to the chart, adjusting its settings as desired and then clicking on ATR and selecting Create Scan Condition.
That said, this could be written as follows if you want to match the ATR in TC2000.
(AVGH2 - AVGL2) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1)) / 4 > .75
Or as follows if you need the ATR to be Wilder's smoothed.
XAVGH3 - XAVGL3 + .50048876 * ((H < C1) * (H - C1) + (C1 < L) * (C1 - L) + .5 * ((H1 < C2) * (H1 - C2) + (C2 < L1) * (C2 - L1) + .5 * ((H2 < C3) * (H2 - C3) + (C3 < L2) * (C3 - L2) + .5 * ((H3 < C4) * (H3 - C4) + (C4 < L3) * (C4 - L3) + .5 * ((H4 < C5) * (H4 - C5) + (C5 < L4) * (C5 - L4) + .5 * ((H5 < C6) * (H5 - C6) + (C6 < L5) * (C6 - L5) + .5 * ((H6 < C7) * (H6 - C7) + (C7 < L6) * (C7 - L6) + .5 * ((H7 < C8) * (H7 - C8) + (C8 < L7) * (C8 - L7) + .5 * ((H8 < C9) * (H8 - C9) + (C9 < L8) * (C9 - L8) + .5 * ((H9 < C10) * (H9 - C10) + (C10 < L9) * (C10 - L9))))))))))) > .75
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/9/2011 Posts: 485
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Similiar to RSI, it would be good to have a ATR formula one could readily use. This is true for CCI as well. A long time pending request.
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