ATR indicator Period/multiplier

Hi,

My question is regarding the ATR indicator, and trying to figure out how I need to have my settings set ( Period and Multiplier ) on the ATR indicator .



Here is what I am trying to accomplish.....



DAILY chart:

When I am looking at a Daily chart ( each candle representing 1 days worth of trading ), I want the ATR to " ONLY " calculate the last actual 5 days of trading ( so an average ATR of the previous 5 days )

So would I need to have the period set to 5 and the multiplier to 1 ?



WEEKLY chart:

each candle represents 1 weeks worth of trading.

So on my weekly charts, I am wanting the ATR to " ONLY " calculate the last weeks worth of trading as a "whole" ( so an average ATR of the previous week )

So would I need to have the period on my weekly charts, set to 1 and also have the Multiplier set to 1 as well ?



Thanks so much for the help and insight,

I really appreciate it