## Average True Range - J Welles Wilder

The calculation of the **Average True Range - J Welles Wilder** is similar to the Average True Range indicator's in that both first measure the difference between the High and Low price of the interval (the range) and then use that **True Range** value in their subsequent calculations.

The **Average True Range** calculation ascertains the "true" range for a number of intervals and then averages those true range values.

The **ATR-JWW** does not average all of the previous intervals' TRs, but rather gives more weight to the most recent **ATR-JWW** value and only averages it with the current interval's TR result.

The resulting **ATR-JWW** graph gives proportionately much greater weight to more recent results and consequently has a smoother appearance.

#### User Settings

##### Period for Averaging

The user can set the number of previous periods that will be averaged to produce the ATR J Welles Wilder for a given interval.

Type in a whole number in the **Periods** text box in the **Parameters** tab of the **Average True Range (J> Welles Wilder) Properties** dialog box.

The default number of periods is 14.

##### Display

The **Average True Range** is displayed in an indicator window below the price chart.

The exact display of the plot is controlled on the **Plots** tabbed page of the **Average True Range Properties** dialog box.

The **Style** selected for the plot can be one of the following: **Solid, Dashes, Dots, Points, Histogram** or **Step**.

Once the style is selected the **Color, Weighting** and **Visibility** can also be controlled from this page.

The **Scale's** display is controlled from the **Scale Settings** and **Scale Appearance** tabbed pages.

## Related

- Indicator Type Settings
- Indicators
- Using Indicators
- Indicator Properties
- Signals on Indicators
- Comparative Indicators
- Relative Strength Comparison
- Fundamental Indicators
- Annual Fundamental Types
- Daily Fundamental Types
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- DMI
- Momentum
- Parabolic SAR
- Rate of Change
- Thermometer
- Volume Momentum
- Moving Average Indicators
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- Ichimoku
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- Mov Avg Bands
- Mov Avg Displaced
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- Mov Avg Simple
- Mov Avg Weighted
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- Standard Deviation Channel
- Stochastic
- Volume Oscillator
- Williams %R
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- Trailing Stop ATR
- Trailing Stop FXTE
- Trailing Stop Percentage
- Trailing Stop Price
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- Highest High
- Lowest Low
- Pivot Points
- Swing Indicator
- Swing Overlay
- Volatility Indicators
- Average Range
- Average True Range
- Statistical Volatility
- Volatility
- Volex
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- Accumulation/Distribution Line
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- Indicators Criteria

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