TheRumpledOne wrote: BambinoFlex wrote:
So can u tell me what the 4 and 13 mean next to the ATR shaded areas by any chance? Cant find a video on it
Fiddled with the settings but cant work it out
I'll be honest, I don't know. My guess is that it has to do with the the ATR period.
Just noticed though, there's three instances of the ATR. TRO_ATR_LINES, TRO_ATR_LINES_HL, and TRO_ATR_LINESHL5.
ATR_LINES calculates the distance from the open. The lines are static. The indicator runs a loop and determines the minimum and maximum ATRs. The numbers like 4 and 13 indicate which ATR was the minimum and the maximum.
ATR_LINES_HL calculates the distance from the high and low. The lines are dynamic and move each time a new high or low is established.
Not sure about ATRLINES_HL5. I don't recall coding that.
Thanks TRO - still hasnt really helped me work out which ATR settings to use.....i have ATR_LINES_HL on the chart (see below)
Is the default setting multiplying ATR by 0.5 - is that how it works? I have fiddled with these settings, but it makes some strange changes on the chart that i cant work out
Edit: ok just seen ur daily video where u mention this (thanks!)...........so makes more sense now. But just to clarify, ATR14 and ATR 2.......means that the daily ATR 14 days ago was the highest, and 2 days ago was the lowest.........is that right?