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Jesse.Lau

[JL] n Bars Average True Range

Jesse.Lau  
Average True Range (ATR)
12
0
averagetruerange
I just want to use 1-hour ATR on a 5-min chart, but I don't want to use the security function to get 1-hour ATR.

I don't know if there is a similar script but I decided to change a little from the original ATR source code.

Just change tr function to n_true_range function:
  • math.max(ta.highest(high,n) - ta.lowest(low,n), math.max(math.abs(ta.highest(high,n) - close), math.abs(ta.lowest(low,n) - close)))


Here is the comparison image from a 5-min chart with the nATR and a 1-hour chart with the original ATR.

snapshot
遁一子交易入道 jesselau.com/
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