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 Gold Customer
Joined: 8/13/2009
Posts: 73
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Bruce,
I have the 21 days ATR up on my tool bar so I can compare it to the daily bar range.
If a pcf for the 21 day average of the open / close range can be written would you please do one for me.
Thanks,
Fisher2
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you mean the absolute difference between the open and close.
AVG(ABS(O - C), 21)
-Bruce
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Gold Customer
Joined: 8/13/2009
Posts: 73
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That is what I mean, thanks so much, Bruce.
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Gold Customer
Joined: 8/13/2009
Posts: 73
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Bruce,
More help needed. I now wish to get a ratio of the ATR 21 days to the absolute value of the open minus the close over 21 days. You did that formula for me on Monday.
I have a formula for the ATR 21 days that you wrote for me in the past. I've tried using it and the absolute value open close formula that you provided. I've tried using the two together but cannot get the value I am looking for.
I used MSFT which after the close today had the following values today per the two formulas:
ATR 21 had a value of 1.79
ABS (O-C) 21 had a value of 0.83
1.79/.83 = 2.16 rounded
Thanks, Fisher
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following.
ATR21 / AVG(ABS(O - C), 21)
-Bruce
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Gold Customer
Joined: 8/13/2009
Posts: 73
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How simple, thanks Bruce.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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