Description
The Average True Range (ATR) is an indicator that measures volatility. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Wilder created Average True Range to capture this "missing" volatility. It is important to remember that ATR does not provide an indication of price direction, just volatility.
/
SP
spka111
Joined on 16.08.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Average True Range.algo
- Rating: 3.33
- Installs: 3822
- Modified: 13/10/2021 09:55
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
HU
Hugoman
·
11 years ago
@huimang, you can add 'ScalePrecision = 5' to the [Indicator] - line in order to more precise the result
[Indicator(IsOverlay = false)] => [Indicator(IsOverlay = false, ScalePrecision = 5)]
HU
why the result only shown 0.01 in daily?
PI
this indicator can not build in cAlgo .the code is correct???/
SP
This algorithm has been updated.