Summary
Average true range. An indicator providing the degree of price volatility.
Remarks
Average true range is a volatility indicator originally developed by J. Welles Wilder. The indicator provides the degree of price volatility. The average true range is an N-day (exponential) moving average of the true range values. Wilder recommended a 14-period smoothing.
Syntax
public interface AverageTrueRange
Members
| Name | Type | Summary |
|---|---|---|
| Result | Property | The resulting data series of Average True Range Indicator instance |
Example 1
private AverageTrueRange averageTrueRange;
[Parameter(DefaultValue = 14)]
public int Periods { get; set; }
[Parameter(DefaultValue = 0.002)]
public double ATRValue { get; set; }
[Parameter("MA Type", DefaultValue = MovingAverageType.Exponential)]
public MovingAverageType MAType { get; set; }
protected override void OnStart()
{
averageTrueRange = Indicators.AverageTrueRange(Periods, MAType);
}
protected override void OnTick()
{
// if the 14 day Average True Range is higher than 0.002
if(averageTrueRange.Result.LastValue >= ATRValue)
{
// Do Something
}
}