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Is it Possible to have ATR eliminate EXUBERANT PRICING DAYS ?
AM wondering if there is a method to adjust the ATR calculation to eliminate the most recent 3 to 5, or more, days, or to ignore massive pricing days in the past x days?
As always your consideration is greatly appreciated. THANK you in advance.
As always your consideration is greatly appreciated. THANK you in advance.
0
Comments
If you are good with Excel, or some other data crunching app or language, you could download the data, re-write the indicator to exclude the outliers and up load the resulting data in a .csv file as a user-defined index.
https://help.stockcharts.com/data-and-ticker-symbols/ticker-symbols/user-defined-indexes
Or, more realistically, probably, longer duration parameters will reduce (but not eliminate) the impact of any one or several data inputs.
You might also be able to add moving averages of the indicator to overlay the indicator itself and then make the indicator invisible (set opacity to 0.0). The longer the moving average, the smoother the line.
Of course there are consequences of using longer durations - signals, if your are looking for them, will be later.