ATR indicator average type

[zeeee]

Does the NT7 ATR indicator use the exponential moving average to calculate the average?

Thanks!

[NinjaTrader_Tim]

Hi zeeee,

No, the ATR is calculated with traditional methods described here - http://stockcharts.com/help/doku.php...e_true_range_a

Here's the code used by NinjaTrader:

double trueRange = High[0] - Low[0];
trueRange = Math.Max(Math.Abs(Low[0] - Close[1]), Math.Max(trueRange, Math.Abs(High[0] - Close[1])));
Value.Set(((Math.Min(CurrentBar + 1, Period) - 1 ) * Value[1] + trueRange) / Math.Min(CurrentBar + 1, Period));

[zeeee]

Thankyou and my apologies I didn't realise that you could edit the system indicators to see the code!

Ta