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Exclude Sundays from ATR on IG charts?
in IG Chart Support - Charts, MT4 and PRT
Posted
I suspect that the Average True Range (ATR) indicator for IG Forex charts is calculated including Sundays. The True Range (TR) of a weekday is not reflective of the TR during the 3 hours of Sunday trading. Can Sundays be excluded from the ATR calculation on IG charts? A period of 10 for calculating ATR would better reflect recent daily volatility than the current default 14.