ATR Question

[cowcool 10]

I am confused with ATR number on my trading platform, ATR is often showed higher than currency rates

 

Here's a screen shot . In the screen shot ATR is almost same as rate or even higher, how to correctly calculate/interpret value in ATR indicator?

 

 

Many thanks

[sevensa 10]

I am confused with ATR number on my trading platform, ATR is often showed higher than currency rates

 

Here's a screen shot . In the screen shot ATR is almost same as rate or even higher, how to correctly calculate/interpret value in ATR indicator?

 

 

Many thanks

 

Before asking questions like this, read up and find out what ATR indicator shows? ATR = Average True Range. It has nothing do with the price level.

 

A simple google search will give you more than enough information to answer the question yourself. I know this is always easier to just ask someone, but finding out things yourself will be much more benefecial for you in the long run.

[cowcool 10]

Figured it out . It turned out that I rad it wrong .. Thx:D

[Eiger 10]

Since this thread has nothing to do with VSA and it also adds little to our general trading knowledge, I'd like to delete it. Any objections?

[Tams 20]

maybe move it to Technical Analysis?

[cowcool 10]

Not at all and sorry I posted it on wrong sub forum

[Eiger 10]

No worries. At Tam's request I'll move over to the coding forum a little later today.

[Eiger 10]

Whoops! I moved this to the wrong forum and I have no moderating ability on this forum. Perhaps one of the mods here can kindly move this to the right place (Technical Analysis)

 

Thanks