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Old 02-11-2007, 04:33 PM
KJB KJB is offline
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Question Average Daily Range
Can somebody PLEASE tell me how to produce this information. Thanks in advance.
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Old 02-11-2007, 09:16 PM
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Open MT4

Go to Insert - indicators - oscillators - Average True range

then select the period you want to look back over and you have it on your chart.

good luck.

yakka
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Old 02-12-2007, 07:14 AM
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Quote:
Originally Posted by yakka
Open MT4

Go to Insert - indicators - oscillators - Average True range

then select the period you want to look back over and you have it on your chart.

good luck.

yakka
And what is the similarity between Average True range and Average Daily range?
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Old 02-12-2007, 09:00 PM
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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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Old 02-14-2007, 09:42 PM
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come on guys no fighting in the forums.. although similarities arent as high, his post was helpful to me.. thanks
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