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Date/Time: Sun, 22 Dec 2024 15:09:02 +0000



Post From: Draw daily ATR as band on intraday chart

[2014-07-20 09:32:14]
AKR - Posts: 523
to user 11644´s comment.
if for all time frames then the time basis of the ATR calculation should be a variable. (like a chart it is based on, then one could take a daily chart or the actual chart)
I eg. am not too much interested in a 5min chart with a 5min ATR. in 95% of the cases I always want it to be the daily ATR. This also would not need to be in stair steps, but for me a adjusting horizontal line would be sufficent. because once I make a new low I am not interested in what the old low + ATR was 30mins ago.
again thx!!