Description
The Average True Range (ATR) study measures the size of the period’s range, and takes into account any gap from the close of the previous period.
Formula
ATR = Average ( True Range, n )
Where:
- True Range = Max of ( High - Low ), ( High -PreviousClose ), ( PreviousClose - Low )
- Average = Simple, Exponential, Weighted, and Triangular
- n = Time period
Example
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