ATR Welles Wilder

Last modified 13:17, 5 Nov 2012

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.


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.

Page statistics
875 view(s) and 3 edit(s)
Social share
Share this page?


This page has no classifications.


You must to post a comment.