cmharkey

Moving Average of Average True Range - EMA ATR

So I came across the need of wanting to smooth out the ATR of something that has some violent swings in it in order to better place some stops.

Simply put the output of the ATR into the EMA function.
Everything is labeled easily in the settings window you you can clearly change period length for each function.
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study(title="EMA Average True Range", shorttitle="EMA-ATR", overlay=false)
length_ATR = input(14, minval=1, title="Length-ATR")
len_EMA = input(9, minval=1, title="Length-EMA")
plot(ema(rma(tr, length_ATR), len_EMA), color=red)
Also, from some comparisons I've found a shorter EMA length seems to get the desired result and skew the phase less.
Try a value between 3-5 to start.
GL!
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