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AVERAGE TRUE RANGE


Average True Range

04/02/00 12:35:06 PM
by Jason K. Hutson

Average True Range

Security:   N/A
Position:   N/A

True range is the greatest distance between either:
A) Today's high and today's low, or
B) Today's high and yesterday's close, or
C) Today's low and yesterday's close.

Supposing you wanted an ATR based on 10
days of data, you would first find the true range for 10 days, add the results and divide by 10. This would
be your initial ATR.

ATR= (9 Previous ATR + Today's True Range)/10



Jason K. Hutson

Traders.com Staff Writer. Enjoys trendlines, support and resistance, moving averages, RSI, MACD, ADX, Bollinger bands, parabolic SAR, chart formations, and volume analysis.

Title: Industrial Engineer
Company: Technical Analysis, Inc.
Address: 4757 California Ave SW
Seattle, WA 98116
Phone # for sales: 206 938 0570
Website: Traders.com
E-mail address: JasonHutson@Traders.com

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