| Average True Range | |
|---|---|
| Syntax | AVGTRUERANGE[noofdays;daysbefore] |
| Description | will calculate Average True Range indicator. Average true range is basically Expontial Moving Average of True Range. What Does Average True Range - ATR Mean? It measures volatility and introduced by Welles Wilder The True Range indicator is the greatest of the following: -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. The Average True Range is a moving average (generally 14-days) of the True Ranges. The True range is calculated like this |
| Example | AVGTRUERANGE[14;0] |