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ATR with volume (VATR)

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ATR with volume (VATR)

Postby Alexander.Gettinger » Mon Apr 02, 2012 9:57 am

Formulas:
VATR=Average(TR[i]*Volume[i]), where
TR - true range, TR[i]=Max(High[i]-Low[i], High[i]-Close[i-1], Close[i-1]-Low[i]).

ATR_with_Volume.PNG


Download:
VATR.lua
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Re: ATR with volume (VATR)

Postby Alexander.Gettinger » Tue May 08, 2012 5:22 pm

MQL4 version of indicator: viewtopic.php?f=38&t=17981
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Re: ATR with volume (VATR)

Postby Jeffreyvnlk » Wed Oct 31, 2012 1:22 pm

seems nice indicator but could you explain the idea behind it. ATR + volume ?
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Re: ATR with volume (VATR)

Postby Apprentice » Thu Nov 01, 2012 3:02 am

This is a simplified formula.
VATR = AVG of (TrueRange * volume )
ATR = AVG of TrueRange

The difference between these two versions.
VATR giving greater weight to price differences on High Volume.
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Re: ATR with volume (VATR)

Postby Apprentice » Mon Apr 17, 2017 7:07 am

Indicator was revised and updated.
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