[EquisMetaStock Group] Re: How to apply ATR?

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Eric,

Metastock's built-in ATR(20) starts on bar 20 and ATR(50) on 50.
Here's a handy tool you can use to check this:

{Bar Count}
Cum(1);
{end}

As far as a data sample the more the merrier is a good rule to follow.
You should also note that some indicators require more data. I believe 
if you read over some of Roy Larsen's post you will find some great 
explanations about this.


Preston 

 

--- In equismetastock@xxxxxxxxxxxxxxx, chichungchoi <no_reply@xxx> 
wrote:
>
> Wilder started with a concept called True Range (TR) which is defined 
> as the greatest of the following: 
> 
> The current High less the current Low.
> The absolute value of the current High less the previous Close.
> The absolute value of the current Low less the previous Close.
> 
> Does anyone have any suggestions on how many sample of data for ATR
> [20]? Is there any rule of thumb on selecting the size of data sample?
> If I use ATR[20], should I include 20 of data sample?
> If I use ATR[50], should I include 50 of data sample?
> 
> Does anyone have any suggestions?
> Thanks in advance for any suggestions
> Eric
>



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