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gorachand  
#1 Posted : Thursday, September 7, 2023 3:30:05 PM(UTC)
gorachand

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I was looking for the Metastock formula for Average day range (ADR) and not ATR with a lookback period of 15

I tried

ADR:=(Sum(H-L,15)/15); ADR;

But the results differ a little from the TradingView indicator.

Where am I going wrong?

Edited by user Thursday, September 7, 2023 3:31:51 PM(UTC)  | Reason: Not specified

MS Support  
#2 Posted : Friday, September 8, 2023 2:51:39 PM(UTC)
MS Support

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Originally Posted by: gorachand Go to Quoted Post

I was looking for the Metastock formula for Average day range (ADR) and not ATR with a lookback period of 15

I tried

ADR:=(Sum(H-L,15)/15); ADR;

But the results differ a little from the TradingView indicator.

Where am I going wrong?

Hard to say without knowing more about the comparison. I looked at IBM for 9/7 and 9/6 to do a quick comparison and the values match exactly using your formula which would indicate the formula is fine, but there might be differences in data depending on the symbol (assuming the same parameters, they appear to use 14 periods as their default).

gorachand  
#3 Posted : Sunday, September 10, 2023 3:04:10 PM(UTC)
gorachand

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