Support Board
Date/Time: Thu, 27 Feb 2025 13:16:06 +0000
[Programming Help] - Omit gaps from True Range
View Count: 524
| [2021-06-29 14:04:14] |
| Alex C Demosthenes - Posts: 50 |
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Hi - I have the True Range study (with Avg. True Range) on my charts and whenever the market gaps up overnight, I am getting a huge True Range bar representing the overnight move. I am wondering if there is a way to use True Range to only account for the bar sizes (High minus Low), but without including the gaps. I believe this skews my ATR rolling data. I have attached a pic to show what the gap looks like on my TR study. |
SC TR.PNG| [2021-06-29 19:26:03] |
| Sawtooth - Posts: 4176 |
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You can create your own True Range study using the Spreadsheet Formula study, with a formula like this in the Formula field: =H-L |
| [2021-06-29 22:57:45] |
| Alex C Demosthenes - Posts: 50 |
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Thanks. I gave this a go and I'm not getting the bars to show up. On the subgraph tab, I have it set to "Bar" draw style, and have it in green, and so I would expect them to show up. I have my settings as you can see in the attached image. I also included a screenshot of the area where the bars for true range are not appearing
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| [2021-06-29 23:30:00] |
| Sawtooth - Posts: 4176 |
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Set the Number of Bars to Calculate to 2000 or so. This value will need to be at least as large as the 'Based On' MA's length. |
| [2021-06-30 13:12:14] |
| Alex C Demosthenes - Posts: 50 |
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Ah, this is perfect. It worked. Thank you!!
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