Support Board
Date/Time: Sun, 24 Nov 2024 14:13:36 +0000
[User Discussion] - True range without gaps
View Count: 1804
| [2013-10-18 07:11:14] |
| EuropeanTrader - Posts: 290 |
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Hi is it possible to apply Average true range indicator on session hours so that the gap would not be calculated in? I would like to see ATR (would use True range 1 simple to see for each session and on top of that I would apply 5 day moving average) for example London open session which is for me 380 minutes. Candles are shown fine since I applied session times correctly. Now, ATR below shows bigger range then the candle is since it calculated missing sessions. Therefore I need to export data into Excel and recalculate London session ranges manualy every day which is a lot of work. I don't have that problem with Daily bars obviously so that information is quickly attained. http://www.sierrachart.com/image.php?l=1382080264273.png Can you help me with this please? Thank you |
| [2013-10-18 15:00:33] |
| vegasfoster - Posts: 444 |
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If you remove the gap then the previous bar's close will always be within or equal to the current bar's high or low, so you can just take an average of the current high minus the current low.
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| [2013-10-18 17:18:24] |
| Fractal Trader - Posts: 1 |
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Try this. http://www.sierrachart.com/supportboard/showpost.php?p=166175&postcount=6 Date Time Of Last Edit: 2013-10-18 17:18:49
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| [2013-10-22 09:01:58] |
| EuropeanTrader - Posts: 290 |
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thanks guys
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