Good morning,
I try to get familiar with Cyclopips “Currency Cross Eyed”.
I use a trading system by SAXO Trader, a danish produce, no MT4!
On the trading-week, Oct. 5-9, 2015, EURJPY, I have tried to fix the ATR for trading-week Oct. 12-16, 2015
WO (Oct. 15th. 05:00 GMT) 134,76
ATR 20, high: 137,91; low: 133,23 (announced today by Currency C E - Home)
Calculation: a/(137,91+133,23):2=135,57; b/ 135,57-134,76= 0,81; c/ 134,76+0,81=135,57NOT=137,91
the calculation is systematically wrong, all other calculations, e.g. substractions, lead me to nirvana.
In my trade system appears with ATR on the left side a scale showing on hight of the top of the ATR line 0,174 and on the bottom 0,51, but all my calculations failed to produce a high of 137,91 or a low of 133,23
Is there someone in the community who could help me?
Thank You so much!
corvus
I think Cyclopip’s ATR 20 for EUR/JPY is 270 pips, which he used to calculate the top and bottom WATR levels using the week open price of 136.56 (based on the Oct 12 Asian session open).
So the calculation he used is top WATR: 136.56 + (2.70 / 2) = 137.91 and then for bottom WATR: 136.56 - (2.70 / 2) = 135.21.