Average Relativ True Range

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Average Relativ True Range

Postby Apprentice » Fri Dec 22, 2017 5:25 am

AUDNZD H4 (12-22-2017 0935).png

While ATR is calculated as Average of True Range.
Average Relativ True Range is calculated as Average of Relativ True Range.
First we calculate min,max of True Range
Relativ True Range is calculated as (True Range -min)/(max/min)
Simple version
Relativ True Range is calculated as True Range /max
ARTR.lua
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Apprentice
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Re: Average Relativ True Range

Postby Apprentice » Wed Apr 04, 2018 6:40 am

The Indicator was revised and updated.
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