Tuesday, March 27, 2012

ATR Average True Range AFL Formula Code

ATR [Average True Range] Indicator is a very popular indicator and is extensively used for technical analysis in the financial markets.

Those who use Amibroker mostly apply this indicator . However it may happen accidentally that the AFL used for ATR is deleted from the software. This brings in a lot of trouble for those who might not be very much familiar with the coding process.

To overcome this problem I am posting the AFL for the indicator here which can be copied from here then applied in the Amibroker software through the Formula Editor .


=============================Copy The Code From Below======================

_SECTION_BEGIN("ATR");
periods = Param( "Periods", 15, 1, 200, 1 );
Plot( ATR(periods), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();

===================================The End===============================
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