ADR/ATR

[williamiananderson@gmail.]

I have a friend who uses average daily range and from what I understand it is the same as ATR on motive wave.

What I am hoping to learn how to do is to establish the ATR on the chart. If I pull up the indicator on motive wave, it shows up like RSI (a small separate chart at the bottom of the main chart that looks like RSI).

I have included a chart with the way my friend uses it, and his has ADR+ and ADR- showing on his chart

Does anyone know how I can use ATR in this fashion?

 

[igor.s]

I believe it would require to build a custom study to archive what you are looking for.

cheers.

 

[HUB]

I have a friend who uses average daily range and from what I understand it is the same as ATR on motive wave.

What I am hoping to learn how to do is to establish the ATR on the chart. If I pull up the indicator on motive wave, it shows up like RSI (a small separate chart at the bottom of the main chart that looks like RSI).

I have included a chart with the way my friend uses it, and his has ADR+ and ADR- showing on his chart

Does anyone know how I can use ATR in this fashion?

It looks like taking the range and adding or subtracting from the opening price for the day.