Average True Range script for TradingView Pine · Kodify Else another if statement checks if atrSmooth matches ‘SMA’. When that evaluates to true we use the sma() function for the ATR. When that's neither the case we default to using a Weighted Moving Average (WMA). For that we call TradingView's wma() function, and have it run on tr values for a length of atrLen bars.
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At any given time, there are two prices for any common stock: the price at which you'll naturally want to see if someone is willing to sell for less than the last traded price. Overall, the narrower the bid/ask spread, the lower the cost to trade. The offer price is what you have to pay to buy shares from them. The offer price is usually higher than the bid price so that the market maker can make a profit. Its “bid” price is $49.90 and “offer” or “ask” price is $50.10. stock at a higher price or a prospective seller agreed to sell the stock at a lower price. will generally have a bid-offer spread of less than one cent or under 10 basis points ( <0.10%).
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