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Direct MessagesDate/Time: Thu, 02 May 2024 07:37:20 +0000
ATR Indicator
View Count: 1399
| [2016-11-17 04:18:06] |
| User488039 - Posts: 114 |
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Today the ATR averaged around 2.40 this afternoon. This may sound somewhat naive, but does the 2.40 represent points or ticks? Thanks |
| [2016-11-17 04:58:16] |
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The Average True Range study calculates actual values and it is not in ticks.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2016-11-17 05:48:31] |
| User488039 - Posts: 114 |
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What I read about ATR is, they say to make your stop loss 2 to 3 times the ATR. Would that end equation be in Points?
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| [2016-11-17 05:53:23] |
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If you are using Attached Orders in Sierra Chart, it depends upon whether you have selected Price or Ticks on the Targets tab.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2016-11-17 05:53:32
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| [2016-11-17 06:31:13] |
| User488039 - Posts: 114 |
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Yes, I'm using attached orders, and I have selected ticks. But I'm not sure what that has to do with my ATR issue? Here's my example: I'm trading the NQ, I have an ATR of 2.5. I'm going to take the ATR x 2 for a stop loss. Would the stop loss be 5 points? My question is... would the final answer to the equation be in Points? Becuase if it was in Ticks, the end equation would only be 5 ticks. Thanks Date Time Of Last Edit: 2016-11-17 06:34:30
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| [2016-11-17 07:10:47] |
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Would the stop loss be 5 points? Yes. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2016-11-17 07:18:57] |
| User488039 - Posts: 114 |
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Thank you
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| [2016-11-17 07:32:31] |
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There is no need to say thank you. It is more burden on us.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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