bigmit2011
New member
I was looking through the documentation on APTR,
and don't understand what is meant by this part:
"divded by the middle value"
What middle value is the documentation referring to ?
Here is the full quote:
"Much like the standard ATR, the percentage version uses true range as the principal variable. In the APTR, the true range is divided by its own middle value, which yields the target percent ratio. This ratio is then smoothed by a moving average of the "specified type, Wilder's smoothing being the default.
Here is the link to the documentation:
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/A-B/APTR
Thank you.
and don't understand what is meant by this part:
"divded by the middle value"
What middle value is the documentation referring to ?
Here is the full quote:
"Much like the standard ATR, the percentage version uses true range as the principal variable. In the APTR, the true range is divided by its own middle value, which yields the target percent ratio. This ratio is then smoothed by a moving average of the "specified type, Wilder's smoothing being the default.
Here is the link to the documentation:
https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/A-B/APTR
Thank you.