Registered User
Joined: 9/19/2010
Posts: 29
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Trying to figure out how to set up alerts when the daily ATR has been breached or reached its max for the day. Thanks in advance
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am not quite sure what you mean. the true range of the current bar is greater than the 14 period average true range?
ATR > ATR14
Something else?
-Bruce
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Registered User
Joined: 9/19/2010
Posts: 29
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trying to set up a alert for when the daily price has reached or breached the 14 day average . So your statement above is an alert? Maybe a price alert is what im looking for using the 14 ATR .
Example FB has a 14 day ATR of 2.93 how can i set an alert when this amount of movent has been made, higher or lower ?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is still not quite clear what you consider movement. If you mean the true range (higher of high or previous close minus lower of low or previous close) has exceeded average true range, then this was already given above.
If you mean range is greater than average true range:
H - L > ATR14
If you mean the net change from the previous bar is greater than average true range:
ABS(C - C1) > ATR14
If you mean the greatest extreme for the previous clase is greater than average true range.
ABS(H - C1) > ATR14 OR ABS(C1 - L) > ATR14
If you mean something else, we would need further clarification as to the actual intent of the question.
-Bruce
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