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OK, so its not EXACTLY the same thing but pretty close.
Average daily range is the average of the daily highs minus the daily lows.
Average true range makes allowances for gaps which occur in daily data on stocks but which are rare in forex so the calculations will work out ALMOST the same.
I thought it would be easier to just use the built in function in mt4 as it will give you the same result.
I was just trying to help the guy, whats your point?
yakka
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