Set timeframe (not length) for AverageTrueRange indicator

• 12/22/2017 at 10:40 AM #56352
  leendertcloete

  Hi,

  I was wondering if there’s a way to set the timeframe (not length) of the AverageTrueRange indicator (see https://www.prorealcode.com/documentation/averagetruerange/).

  For instance, let’s say I am currently looking at a Daily chart. I would like to set my stop-loss to AverageTrueRange(Weekly)[14](close).

  Is this possible, and if so, how would I go about implementing it?

  

  leendertcloete

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  12/22/2017 at 12:53 PM #56363
  robertogozzi

  It’s not possible at present, it will be when the Multi Time Frame (MTF) feature will be available around (?) mid 2018.

  You can try to work it out our by multiplying the daily ATR periods by 7 (since there are 7 days in a week)

  AverageTrueRange[98](close)

  1	AverageTrueRange[98](close)

  but it will not return the same output as the weekly one!

  Roberto

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  leendertcloete

  

  robertogozzi

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