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ATR with SMMA
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=60655
Forum: 17 · Topic 60655 · 3 post(s)
ATR with SMMA
Alexey.Pechurin · Tue May 06, 2014 2:09 am
In MT4 and Trading Station, ATR uses a simple MA of the true ranges.
But there is another approach: a Wikipedia article (http://en.wikipedia.org/wiki/Average_true_range) contains a formula with SMMA of the true ranges.
The attached indicator uses the following method.
Compare the look of the standard ATR and ATR with SMMA on the snapshot below.
The indicator was revised and updated
Re: ATR with SMMA
Apprentice · Tue May 06, 2014 5:11 am
Why stop at SMMA. This version will privide up to eight True Range smoothing method. True Range and Smoothing period may vary.
Re: ATR with SMMA
Apprentice · Tue Jul 18, 2017 6:33 am
The indicator was revised and updated.