Calculating Average Range

[balllightning]

Hi,

I was wondering if anyone tell me how to calculate the average range per bar over a certain number of bars. For example, if would like to calculate the average range of the last 50 price bars, how would I go about doing so. There is an canned indicator called "range", but it only gives you the range of individual bars.

Thanks alot!

[NinjaTrader_RyanM1]

Hello Balllightning,

Thank you for your post.

You can use the indicator ATR (Average True Range) for this purpose. You can specify the number of bars used to calculate this indicator with the Period parameter.

[balllightning]

Thanks alot Ryan I will give that a shot! =)

[balllightning]

Hi,

Average True Range Indicator will not do the trick for me. I want to find the average of the raw range per bar. Ie. All I want for range is the High - Low for each bar, and then an average of "n" number of bars. where "n" is defined by me.

Thanks alot.

[NinjaTrader_RyanM1]

Hello Balllightning,


If True Range doesn't work for you, you can create this with custom programming. I believe you're just looking for a simple moving average of range.

This tutorial covers how to use custom data series and can be adapated pretty easily for Range. If you are looking for further help constructing this indicator, please use the NinjaScript section of the forums.

[elliot5]

ATR Calculation

Question: I am running a ninjascript strategy on a 3 minute chart but need the ATR value for the last 5 trading sessions... is this possible?

Regards

[NinjaTrader_Kyle]

Hello everington_f,

Thank you for your post.

This is possible, but would require custom programming. If you are not a programmer, any of the NinjaScript consultants listed at the following link could code this project for you: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[elliot5]

I have learnt to program, but was of course wondering if the chart ATR indicator could be used. Thx anyway...