Ok, so I’m a bit confused, looking at the atr of GY it reads:
3.4471
What does that equal in pips?
What is “ATR of GY”? Sorry to answer your question with a question but I have never heard of that.
[B]A[/B]verage [B]T[/B]rue [B]R[/B]ange of the [B]G[/B]reat Britain pound to the Japanese [B]Y[/B]en
Of course I could be completely off base…
Could you answer my question now? lol
Ya, it’s a 14 period atr, I’m a little confused as to where to move the decimal to change it to pips.
Nope, it’s most likely correct. When it reads 3.45, it means 345 pips. The 2nd decimal point is a pip.
agrees with this barb
Cheers!
Yep, it’s 345 pips.
The value of the ATR is always calculated in the quote currency, so the pair has moved an average range of 3.4471 yen, or 345 pips.
Thank you for humoring the newbie:)