Average True Range (ATR) - Why inconsistent between providers?

dozu888 said:
so you are telling me I have been using the previous H/L as resistance/ support wrong all these years lol.

jk... point is all is garbage.
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I use the ATR all the time to set limit prices for entries....works well in this regard.
 
Love2Trade$ said:
Hi,
  1. Why is the Average True Range (ATR) (daily timeframe, 14 periods) inconsistent between providers?
  2. When do most providers calculate the daily ATR (end of day, once a week on Fridays, other)?
Eg - QRVO: 10/31/19 ATR = $1.55 (TradeStation), $1.70 (TDAmeritrade), $2.19 (IB). Sometimes all providers are only within a few pennies from each other, and other times they vary significiantly. This is driving me nuts. Can some knowledgeable soul please shed some light on this? Thanks!
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Where do you see average true range at IB? I haven't seen a way to filter for that
 
@GaryBtrader - Thanks for the specific suggestion, I will do that! Also, I use ATR in a similar way as you. Do you also use it for exits or mainly just entries?

@Metamega - Thanks for the link - the visuals were great, and it explained some of the differences across providers as well!

@steven21 - Thanks! Is this part of the ATR calculation formula? Sorry for the question maybe I'm just missing it.

@El_Cubano - It isn't available as a "column" on watchlists; only as a "study" on the charts. There may be a way to get it to display on the quote panels as well, but I haven't tried. Hope this helps!
 
Love2Trade$ said:
@GaryBtrader - Thanks for the specific suggestion, I will do that! Also, I use ATR in a similar way as you. Do you also use it for exits or mainly just entries?

@Metamega - Thanks for the link - the visuals were great, and it explained some of the differences across providers as well!

@steven21 - Thanks! Is this part of the ATR calculation formula? Sorry for the question maybe I'm just missing it.

@El_Cubano - It isn't available as a "column" on watchlists; only as a "study" on the charts. There may be a way to get it to display on the quote panels as well, but I haven't tried. Hope this helps!
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ATR is the average true range. So the type of average and the period of the average are inputs. Unless of course everything is set to default and one is not interested to try other settings.
 
Love2Trade$ said:
@GaryBtrader - Thanks for the specific suggestion, I will do that! Also, I use ATR in a similar way as you. Do you also use it for exits or mainly just entries?

@Metamega - Thanks for the link - the visuals were great, and it explained some of the differences across providers as well!

@steven21 - Thanks! Is this part of the ATR calculation formula? Sorry for the question maybe I'm just missing it.

@El_Cubano - It isn't available as a "column" on watchlists; only as a "study" on the charts. There may be a way to get it to display on the quote panels as well, but I haven't tried. Hope this helps!
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I use ATR to calculate my stop as well.
 
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