Support Board
Date/Time: Tue, 10 Jun 2025 02:59:20 +0000
Post From: IB ATR & ATR of the Daily Range
| [2022-12-01 15:43:44] |
| John - SC Support - Posts: 40311 |
|
You can not use the Average True Range study on another study as it is looking for the data for the High and Low. But, you can do this by creating your own Average True Range by taking the High and Low of the information you want (IB High and IB Low from the Initial Balance Study) and then applying the Moving Average you want. There is a trick that you would need to use for the Initial Balance though, which is that you would need to put the Initial Balance study on a chart that has bars that are less than or equal to the period you are interested in. For instance if you want a 1 hour Initial Balance, then you need a chart that has a period that is evenly divisible into that 1 hour (1 hour, 30 minutes, 15 minutes, etc.). Then use the Study/Price Overlay to put that information on a Daily chart and then calculate the range and use the Moving Average. The Average True Range for a Daily Range is a built in functionality of the Average True Range, so just apply this to a daily chart to get what you want. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |