Xceed Chart for WinForms v4.4 Documentation
Welcome to Xceed Chart for WinForms v4.4 / User Guide / Data Manipulation / Functions / Average True Range
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    Average True Range
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    Syntax

    The Average True Range is implemented as a composite function. It uses the True Range function and the Modified Moving Average. The expression is:  

    MMA(TR(close; high; low; period)

    Arguments

    The result of the TR (True Range) function is used as an argument for the Modified Moving Average function. The arguments of the TR are described in the "True Range" topic. 

    Result

    The result is an array. 

    Description

    Average True Range is an indicator from J. Welles Wilder that measures commitment by comparing the range for each successive day. The True Range indicator is the greatest of the following: 

      • High for the day minus Low for the day.
      • High for the day minus Close for the previous day. 
      • Close for the previous day minus Low for the current day. 

    The Average True Range is a moving average (typically 14-days) of the True Ranges.

    Related Examples

    Windows Forms: Data Manipulation\Functions\Other Financial Functions