The Average True Range study takes the moving average of the true range over the specified period.
True Range = True High - True Low.
True High = The greater of the current bar's high or the close of the previous bar.
True Low = The lesser of the current bar's low or the close of the previous bar.
Average True Range Parameters
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Parameter |
Description |
|
Display |
Opens sub-window to set parameters •Color = Line color. •Weight = Line thickness. •Display = Line style: line or histogram. •ShareScale = Determines whether sharing of the vertical scales between studies is accepted. Auto = System determine whether sharing is feasible. On = Scale is shared regardless of the functions and studies displayed. Off = Scale is not shared. ShareScale must be On if study is overlaid on a study with multiple outputs. |
|
MarkIt |
Opens Specify Conditions window. |
|
Type |
Moving average calculation. Values: •Simple •Smoothed •Exponential •Weighted •Centered •Median •Trix •Exponential Hull |
|
Period |
Number of bars in the lookback range. |