SPDR S&P 500 (SPY): Gleno, are you using ATR 14 Close (Defau...

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learningboutinv

Re: GLENO34 post# 54197

Sunday, 06/29/2008 6:03:32 PM

Sunday, June 29, 2008 6:03:32 PM

Gleno, are you using ATR 14 Close (Default setting)? or are you putting in your own price pts? If using ATR14 then the 15min chart is using the last 14 bars (3 1/2 hours) on the 15min chart to average a point size for the renko brick. On the 30min chart, the last 14 bar (30min which is about a day) average, and on the 60min same deal (which would be ~ 2 days worth of bars since each bar is an hour). That is why the bricks are of different sizes on different time frames.

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