ATR Marker

[Tams 20]

Easylanguage code for ATR Marker

 

This indicator prints the ATR range on the chart.

High ATR = previous bar Close + previous bar ATR value

Low ATR = previous bar Close - previous bar ATR value

 

there is an option to plot historical ATR lines.

 

 

ATR_Marker_w_Lines.txt

Edited March 26, 2009 by Tams

[Fredd 10]

Hi Tams,

 

Could you help me a little bit by modifying your indicator into a so called "Chandeliers Exit"?

 

For example by plotting lines representing:

 

 

Line 1: todays high minus 3 * a ten days exponential moving average ATR, and

Line 2: todays low plus 3 * a ten days exponential moving average ATR.

 

It would be useful if the factor 3 is a variable as well as the 10 day period.

 

I read about this exit in the book of Dr. K. Van Tharp - Trade Your Way to Financial Freedom, and it looks like a good exit methodology to me.

 

Thanks for your help in advance.

 

Fredd

[aaa 10]

Note that a price will never reach an ATR target because they are linked

 

Better to leave a yesterday target like in the code of TAMS

 

 

// ATR Marker with the option to plot the historical ATR lines

// version: 1.1

// author: TAMS

// date: 20090325

// license: public use

// description: this indicator prints the ATR value on the chart

// High ATR = C[1] + ATR[1]

// Low ATR = C[1] - ATR[1]

//

//

 

input:

Show.lines(true),

x.ATR(3),

ATR.Period(10),

text.color(black),

decimal(2);

 

vars:

id.txt.HighAtr(-1),

id.txt.LowAtr(-1),

Atr(0),

HighATR(0),

LowATR(0);

 

Atr = AvgTrueRange(ATR.Period);

 

HighATR = h[1] + x.ATR * ATR[1];

LowATR = l[1] - x.ATR * ATR[1];

 

if currentbar = 1 then

begin

id.txt.HighAtr = Text_New(Date, Time, HighATR, "High ATR");

id.txt.LowAtr = Text_New(Date, Time, LowATR, "Low ATR");

text_Setcolor(id.txt.HighAtr, text.color);

text_Setcolor(id.txt.LowAtr, text.color);

text_Setstyle(id.txt.HighAtr, 0, 2);

text_Setstyle(id.txt.LowAtr, 0, 2);

end;

 

text_SetLocation(id.txt.HighAtr,date, time, HighATR);

text_SetLocation(id.txt.LowAtr,date, time, LowATR);

 

text_SetString(id.txt.HighAtr ," < "+NumToStr(HighATR,decimal)+" High ATR");

text_SetString(id.txt.LowAtr, " < "+NumToStr(LowATR,decimal)+" Low ATR");

 

if Show.lines then

begin

plot1[1](HighATR, "HighATR");

plot2[1](LowATR, "LowATR");

end;

[Frank 10]

a keltner channel comes standard in pretty much every charting environment. can change the settings to close, sma, 1 ATR, 2ATR's, 2.5 ATR's etc...

[chrisleonard 10]

rather than have the decimals manual i changed it to

 

input:

Decimal( Log(PriceScale) / Log(10) ),

 

which has now set the number of decimals according to the price!!

 

This is good if you trade a bit of everyting and are lazy

 

Thanks for the code!

[label 10]

looking for ATR in minutes. Website suggestions anyone?

[Tams 20]

looking for ATR in minutes. Website suggestions anyone?

 

 

this is the third time you are asking...

have you done any leg work ?

 

what kind of site you are looking for?

paid? freebie?

 

what instrument you are looking for?

Forex?

stocks?

futures ????

 

have you tried G-O-O-G-L-E ???

what did you learn? care to share your finding ?

Edited October 14, 2009 by Tams

[label 10]

this is the third time you are asking...

have you done any leg work ?

 

what kind of site you are looking for?

paid? freebie?

 

what instrument you are looking for?

Forex?

stocks?

futures ????

 

have you tried G-O-O-G-L-E ???

what did you learn? care to share your finding ?

 

 

I was looking for a free website for stocks. Stockcharts.com has it for daily and weekly for free, my guess is if yousubscribe you can get it for 1,2,5 minutes...

 

I just started using QuoteTracker and they have it.

 

Take care,

 

label