Hi, It sound really interesting! But... how would you do that? I mean: The ATR can calculate a number of bars, but how to make it calculate a % over a number of bars?
Thanks, Louis 2008/9/16 marketmonk777 <[EMAIL PROTECTED]> > How about creating a new indicator called ATRP where P stands for > percentage. You could take the ATR and divide by the last price or > the average of the closing price over the same period you are > calculating ATR. > > > --- In [email protected] <amibroker%40yahoogroups.com>, "Louis P." > <[EMAIL PROTECTED]> wrote: > > > > Hi, > > > > Anyone ever thought about how to compare some indicators (like ATR) > between > > tickers? I mean: there is no absolute value; it all depends on the > price of > > the tickers. Would there be any way to set an "ultimate" variable that > > would determine wheter the ATR is low or high? > > > > I've got tickers when ATR of 1 is high, and others where the same > ATR at 1 > > is very very low... > > > > Thanks, > > > > Louis > > > > >
