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
- 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
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
Ok, thank you again.