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Is a 30 day SMA of the "Range" indicator an accurate 30 day ATR? (NT)
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Is a 30 day SMA of the "Range" indicator an accurate 30 day ATR? (NT)

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skrubtrader
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Is a 30 day SMA of the "Range" indicator an accurate 30 day ATR? (NT)

Is a 30 day SMA of the "Range" indicator an accurate 30 day ATR? (NT)

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Market Wizard
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No.

(You can easily find out by plotting them or understanding the formulas respectively.)

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 Vendor: www.probabletrades.com 
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An SMA of Range is not the same as average true range. ATR considers gaps between bars, not just bar range. On an intraday chart they'll be pretty much the same as you don't see gaps as much intraday, but on day bars where the overnight session is not represented in bars you'll see more of a difference.

For more on the definition of ATR read this.


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Is a 30 day SMA of the "Range" indicator an accurate 30 day ATR? (NT)


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