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ATR Bands by Gordon Gustafson
The formulas discussed by Gordon Gustafson in his article in this issue, "Which Volatility
Measure?" can be recreated in MetaStock 6.52 or higher. To recreate these indicators in MetaStock,
select the Indicator Builder from the Tools menu. Then click New and enter the following formulas:

ATR Bands

stdha := Mov(C,20,E)+2*(ATR(20));
stdla := Mov(C,20,E)-2*(ATR(20));
stdha;
stdla

 

e-w-ATR_Bands.gif
--Cheryl C. Abram, Equis International, Inc.
Source / From: TOP
http://www.traders.com

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