Download software Tutorial videos
Subscription & data-feed pricing Class schedule

New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Average True Range Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
Posted : Monday, July 5, 2010 3:57:57 PM
Registered User
Joined: 10/7/2004
Posts: 76
Could you show me a formula for a custom indicator for the 14 day ATR?
Posted : Tuesday, July 6, 2010 8:03:58 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Average True Range is not one of TeleChart's built in indicators, but it can be created as a Custom Indicator. Please try the following for a 14-Period ATR:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 27 (twice the ATR-Period minus one)
- Average Type: Exponential
- Indicator Formula: (H - L + ABS(H - C1) + ABS(L - C1)) / 2

You can adjust the Average True Range Period by changing the Smoothing Average in the Custom Indicator. For example, to plot a 20-Period ATR, just change the Smoothing Average to 39 (which equals (20 * 2) -1).

Please provide a description and PCF for calculating an ATR value to be used as a stop loss value
Plotting Custom Indicators with Examples
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.