Madison, NJ
Experience: Intermediate
Platform: CQG/TOS
Broker: Optimus/CQG
Trading: ZN/TN/ES/NQ
Posts: 134 since Jun 2010
Thanks Given: 65
Thanks Received: 112
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Hi, this is a generic question about ATR on thinkorswim, but the idea should be applicable to any platform.
The idea is duplicate my ATR value from a 30 min chart to 15 min chart.
The script for a 45 period ATR on 30 min chart is : Average(TrueRange(high, close, low), 45)
On my 15 min chart, I changed 45 to 90, and everything else is the same: Average(TrueRange(high, close, low), 90);
Since 15 min chart has double the bar count of 30 min chart, I thought the revised script would give me the exact reading from the 30 min chart, but it does not.
Anyone has any clue what's not right?
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