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Wilder's ATR
The actual ATR does not use a simple moving average. Welles Wilder uses
his own smoothing (a modified exponential average) which is the function named "Wilders" in MetaStock. Try your formula this way:

Wilder's ATR

periods:=Input("ATR Periods?",1,100,10);
TH:=If(Ref(C,-1) > H,Ref(C,-1),H);
TL:=If(Ref(C,-1) < L,Ref(C,-1),L);
TR:=TH-TL;
Wilders(TR,periods)

 

Source / From: TOP
http://www.guppytraders.com

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