The Average True Range (ATR) study calculates the average true price range over a time period. True range is the greatest of the following:
- the difference between the current high and the current low
- the difference between the current high and the previous close
- the difference between the previous close and the current low
By default, the average true range is a 14-period Wilder's moving average of this value; both the period and the type of moving average can be customized using the study input parameters.
||The number of bars used to calculate the ATR.|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.
||The Average True Range indicator.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.