I tested TQQQ with the period parameter set to 1. I can see that the ATRP value for an extra large bar 18.12.24 equals to 13.74
But I can't get the value with manual caclulations. Out of 3 values that should be calculated, the largest for the bar is High-Low = 92.567 - 81.29 = 11.277. And 11.277 / 81.29 = 13.87
Another question is about getting the percentage. Do you first calculate an average of all TrueRanges, then divide by the last Close. Or you calculate each TrueRange, then divide it by the correspondent Close, then average all values?
Thank you
But I can't get the value with manual caclulations. Out of 3 values that should be calculated, the largest for the bar is High-Low = 92.567 - 81.29 = 11.277. And 11.277 / 81.29 = 13.87
Another question is about getting the percentage. Do you first calculate an average of all TrueRanges, then divide by the last Close. Or you calculate each TrueRange, then divide it by the correspondent Close, then average all values?
Thank you
Rename
ATR * 100 / Close
If you prefer, use any other version you want with a custom indicator.
If you prefer, use any other version you want with a custom indicator.
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