Average True Range (ATR) - Why inconsistent between providers?

I use the ATR all the time to set limit prices for entries....works well in this regard.

 

https://school.stockcharts.com/doku.php?id=technical_indicators:average_true_range_atr

Doubt its the data, theirs just many ways to calculate the range or smooth the averages.

 

The moving average used could be simple, exponential using weight of 2/(n+1) or exponential using weight of 1/n (wilders style).

 

Where do you see average true range at IB? I haven't seen a way to filter for that

 

@GaryBtrader - Thanks for the specific suggestion, I will do that! Also, I use ATR in a similar way as you. Do you also use it for exits or mainly just entries?

@Metamega - Thanks for the link - the visuals were great, and it explained some of the differences across providers as well!

@steven21 - Thanks! Is this part of the ATR calculation formula? Sorry for the question maybe I'm just missing it.

@El_Cubano - It isn't available as a "column" on watchlists; only as a "study" on the charts. There may be a way to get it to display on the quote panels as well, but I haven't tried. Hope this helps!

 

ATR is the average true range. So the type of average and the period of the average are inputs. Unless of course everything is set to default and one is not interested to try other settings.

 

I use ATR to calculate my stop as well.