Average True Range – which days are used?
Joined 01/06/23 20:51
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Which days are used to calculate today's average true range (ATR)?
For instance, if it's a 14-day average, then does today's ATR cover the 14 days ending with (and including) today, or does it mean the 14 days ending yesterday?
Logic suggests to me that today's ATR figure should cover the 14 days ending yesterday, as there is no meaningful data on the difference between today's high and today's low until today is over.
Or have I misunderstood?
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