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ATR Bands II
RE: ATR

* To: "'metastock@xxxxxxxxxxxxx'" <metastock@xxxxxxxxxxxxx>
* Subject: RE: ATR
* From: Richard Dale <rad@xxxxxxxxxxxxxxx>
* Date: Sun, 25 Mar 2001 15:20:35 +0800
* Reply-To: metastock@xxxxxxxxxxxxx
* Sender: owner-metastock@xxxxxxxxxxxxx

I would imagine ATR bands are similar to Bollinger Bands but rather than based on standard deviations they might be based on ATR instead.

eg. Try creating a new indicator with something like:


ATR Bands II

factor:=1.25;
atrdays:=15;
Ref(C+(factor*ATR(atrdays)),-1);
Ref(C-(factor*ATR(atrdays)),-1);

 

 

Fiddle with the value for "factor"

Cheers,
RICHARD DALE
IT PROJECTS MANAGER
daytraderHQ Ltd
Level 4, 66 Kings Park Rd
West Perth
Western Australia 6005
Phone: (08) 9226 0767 Fax (08) 9322 9998
Email: rad@xxxxxxxxxxxxxxx
Web site: www.daytraderHQ.com

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