Why timepriod = 30 means each minute?

Installations & Python Packages
1

Course Name: Day Trading Strategies for Beginners, Section No: 11, Unit No: 10, Unit type: Notebook



msft['ATR'] = talib.ATR(msft['high'], msft['low'], msft['close'], timeperiod=30)



why timepriod = 30 means here? It means each minute?

2

Hi Levi,



The data we are using here is 1 minute data so here time timepriod = 30 means we are taking 30 minutes of data to calculate ATR. If we use 1 day data timepriod = 30 would mean 30 days. 



You can think of timeperiod more as candles rather than time. Candle in a time-price chart could be 1 minute, 2 minute, 1 hour, 1 day, etc. So timeperiod=30 in talib.ATR function means we are using 30 candles to calculate ATR.

3

Hi Danish, 



Got it! Thanks for your explanations.