How to read ATR value?

To add comments, please log in or register
maboudiB
14
maboudiB  

Hi everybody,

Please , I need your help. How to read Atr value in Pips?

For example on USD/JPY I see :

Weekly ATR value = 1.3931

Daily ATR value = 0.7832

What is ATR value in pips in each case?


Thank you in advance

Mehrdad Jeddi
28553
Mehrdad Jeddi  

Hi,

- So it's simple,you should divide it by its standard digit points,for example:

(USDJPY point in 2 standard digits:0.01)

Weekly ATR value => 1.3931 / 0.01 = 139.31 pips

Daily ATR value => 0.7832 / 0.01 = 78.32 pips

(EURUSD point in 4 standard digits:0.0001)

Daily ATR value => 0.0027 / 0.0001 = 27 pips


- So if you divide them by broker digits(3digits for JPY pairs,5digits for other normal pairs),they will be based on points:

(USDJPY point in 3 broker digits:0.001)

Weekly ATR value => 1.3931 / 0.001 = 1393.1 points

(EURUSD point in 5 broker digits:0.00001)

Daily ATR value => 0.0027 / 0.00001 = 270 points

maboudiB
14
maboudiB  
Mehrdad Jeddi:

Hi,

- So it's simple,you should divide it by its standard digit points,for example:

(USDJPY point in 2 standard digits:0.01)

Weekly ATR value => 1.3931 / 0.01 = 139.31 pips

Daily ATR value => 0.7832 / 0.01 = 78.32 pips

(EURUSD point in 4 standard digits:0.0001)

Daily ATR value => 0.0027 / 0.0001 = 27 pips


- So if you divide them by broker digits(3digits for JPY pairs,5digits for other normal pairs),they will be based on points:

(USDJPY point in 3 broker digits:0.001)

Weekly ATR value => 1.3931 / 0.001 = 1393.1 points

(EURUSD point in 5 broker digits:0.00001)

Daily ATR value => 0.0027 / 0.00001 = 270 points

Wonderful, Thank you a lot. Last question. So I see on Gold weekly ATR = 41.9479, it means ATR value is 4194,7 pips, isn't it?
Mehrdad Jeddi
28553
Mehrdad Jeddi  
maboudiB:
Wonderful, Thank you a lot. Last question. So I see on Gold weekly ATR = 41.9479, it means ATR value is 4194,7 pips, isn't it?
You're welcome,No,it's a little different.its digit is 0.1,it should be divide by 0.1,will be 419.47 pips.
William Roeder
19417
William Roeder  
PIP is only defined for currencies.
          What is a TICK? - MQL4 programming forum
Keith Watford
Moderator
17619
Keith Watford  
maboudiB:
Wonderful, Thank you a lot. Last question. So I see on Gold weekly ATR = 41.9479, it means ATR value is 4194,7 pips, isn't it?
Mehrdad Jeddi:
You're welcome,No,it's a little different.its digit is 0.1,it should be divide by 0.1,will be 419.47 pips.

With forex a pip size is accepted as 0.0001 except for JPY pairs which is 0.01

With other symbols there is no generally accepted pip size. With Gold, one person may consider a pip to be 0.01, others 0.1 and maybe even 1.0

maboudiB
14
maboudiB  

Ok, thank you again.

Best regards

To add comments, please log in or register