I was crunching several parameters of ATR for statistics purposes (example: ATR values for last 14/30/60 days on 1/5/15/30 min timeframe; ES)
Of course I set adequate value for "Days to load" (30 days to load for ATR of last 30 days ; 14 days to load for ATR of last 14 days, etc.).
HOWEVER - I see that ATR of last 30 days on 30 minute timeframe changes with the number of days to load - it is different when I load 30 days, different when I load 60; 90; 120 and so on. How is that even possible?
First of all it would make its relevance pretty insignificant if not irrelevant at all. ATR is supposed to load values for last X days. So it should not make any difference whether it has 60 or 120 days loaded, since it calculates last 30 days anyway.
Speaking of this issue, how about indicator such as EMA which also calculates on day results? How relevant are those?
Thank you for any response.
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