Thanks @SleepyZ!Yes, it works for me.
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Thanks @SleepyZ!Yes, it works for me.
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Is there any way I can chat with you? I have a few questions@henry1224 Great addition. Thanks!
post me your email and a time that you are available and I will setup a ZOOM meeting.Is there any way I can chat with you? I have a few questions
I'd love to circle back to this indicator to see if anyone has seen it as a label. Showing where price in relationship to each channel so I don't have to have these 6 lines on my chartYes, it works for me.
View attachment 2302
# Upper Chart Labels Only
# Indicator that presents ATR 1,2,3 above and below using Keltner channel formula
input displace = 0;
input factor1 = 1.0;
input factor2 = 2.0;
input factor3 = 3.0;
input length = 21;
input price = close;
input averageType = AverageType.SIMPLE;
input trueRangeAverageType = AverageType.SIMPLE;
def shift1 = factor1 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length);
def shift2 = factor2 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length);
def shift3 = factor3 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length);
def average = MovingAverage(averageType, price, length);
def Upper_Band1 = average[-displace] + shift1[-displace];
def Upper_Band2 = average[-displace] + shift2[-displace];
def Upper_Band3 = average[-displace] + shift3[-displace];
def Lower_Band1 = average[-displace] - shift1[-displace];
def Lower_Band2 = average[-displace] - shift2[-displace];
def Lower_Band3 = average[-displace] - shift3[-displace];
AddLabel(yes,"close==" +asdollars(close) +" keltner average==" +asdollars(average),
if close>average then color.green else color.red);
AddLabel(yes," lower3==" +asdollars(Lower_Band3),
if close>Lower_Band3 then color.green else color.red);
AddLabel(yes," lower2==" +asdollars(Lower_Band2),
if close>Lower_Band2 then color.green else color.red);
AddLabel(yes," lower1==" +asdollars(Lower_Band1),
if close>Lower_Band1 then color.green else color.red);
AddLabel(yes," upper1==" +asdollars(Upper_Band1),
if close>Upper_Band1 then color.green else color.red);
AddLabel(yes," upper2==" +asdollars(Upper_Band2),
if close>Upper_Band2 then color.green else color.red);
AddLabel(yes," upper3==" +asdollars(Upper_Band3),
if close>Upper_Band3 then color.green else color.red);
This is great. I'm just wondering if we could make it 1 label instead of 3 labels. The one label would change pending on where price is relative to the channels?Member request
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These are the price levels of the Keltner ATR bands.
This study removes the messy lines and just provides a label.
Label coloring: if close is above the channel green else red.
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@bsturgRuby:# Upper Chart Labels Only # Indicator that presents ATR 1,2,3 above and below using Keltner channel formula input displace = 0; input factor1 = 1.0; input factor2 = 2.0; input factor3 = 3.0; input length = 21; input price = close; input averageType = AverageType.SIMPLE; input trueRangeAverageType = AverageType.SIMPLE; def shift1 = factor1 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift2 = factor2 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift3 = factor3 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def average = MovingAverage(averageType, price, length); def Upper_Band1 = average[-displace] + shift1[-displace]; def Upper_Band2 = average[-displace] + shift2[-displace]; def Upper_Band3 = average[-displace] + shift3[-displace]; def Lower_Band1 = average[-displace] - shift1[-displace]; def Lower_Band2 = average[-displace] - shift2[-displace]; def Lower_Band3 = average[-displace] - shift3[-displace]; AddLabel(yes,"close==" +asdollars(close) +" keltner average==" +asdollars(average), if close>average then color.green else color.red); AddLabel(yes," lower3==" +asdollars(Lower_Band3), if close>Lower_Band3 then color.green else color.red); AddLabel(yes," lower2==" +asdollars(Lower_Band2), if close>Lower_Band2 then color.green else color.red); AddLabel(yes," lower1==" +asdollars(Lower_Band1), if close>Lower_Band1 then color.green else color.red); AddLabel(yes," upper1==" +asdollars(Upper_Band1), if close>Upper_Band1 then color.green else color.red); AddLabel(yes," upper2==" +asdollars(Upper_Band2), if close>Upper_Band2 then color.green else color.red); AddLabel(yes," upper3==" +asdollars(Upper_Band3), if close>Upper_Band3 then color.green else color.red);
This is great. I'm just wondering if we could make it 1 label instead of 3 labels. The one label would change pending on where price is relative to the channels?
Code:# Upper Chart Labels Only # Indicator that presents ATR 1,2,3 above and below using Keltner channel formula input displace = 0; input factor1 = 1.0; input factor2 = 2.0; input factor3 = 3.0; input length = 21; input price = close; input averageType = AverageType.SIMPLE; input trueRangeAverageType = AverageType.SIMPLE; def shift1 = factor1 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift2 = factor2 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift3 = factor3 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def average = MovingAverage(averageType, price, length); def Upper_Band1 = average[-displace] + shift1[-displace]; def Upper_Band2 = average[-displace] + shift2[-displace]; def Upper_Band3 = average[-displace] + shift3[-displace]; def Lower_Band1 = average[-displace] - shift1[-displace]; def Lower_Band2 = average[-displace] - shift2[-displace]; def Lower_Band3 = average[-displace] - shift3[-displace]; AddLabel(Between(close, Lower_Band1, Upper_Band1), "close==" + AsDollars(close) + (if close < average then " < " else " > ") + " keltner average==" + AsDollars(average), if close > average then Color.LIGHT_GREEN else Color.LIGHT_RED); AddLabel(close < Lower_Band3, "close==" + AsDollars(close) + " < lower3==" + AsDollars(Lower_Band3), Color.LIGHT_RED); AddLabel(Between(close, Lower_Band3, Lower_Band2), "close==" + AsDollars(close) + " < lower2==" + AsDollars(Lower_Band2), Color.LIGHT_RED); AddLabel(Between(close, Lower_Band2, Lower_Band1), "close==" + AsDollars(close) + " < lower1==" + AsDollars(Lower_Band1), Color.LIGHT_RED); AddLabel(Between(close, Upper_Band1, Upper_Band2), "close==" + AsDollars(close) + " > upper1==" + AsDollars(Upper_Band1), Color.LIGHT_GREEN); AddLabel(Between(close, Upper_Band2, Upper_Band3), "close==" + AsDollars(close) + " > upper2==" + AsDollars(Upper_Band2), Color.LIGHT_GREEN); AddLabel(close > Upper_Band3, "close==" + AsDollars(close) + " > upper3==" + AsDollars(Upper_Band3), Color.LIGHT_GREEN); #
Here is one way to have 1 label: If close is above/below a level then either a green/red label will appear with the close price, a " > or < ", and the level (average or upper/lower bands 1/2/3)
The image shows the lines for comparison purposes only.
Code:# Upper Chart Labels Only # Indicator that presents ATR 1,2,3 above and below using Keltner channel formula input label_option = {default More, Less, Bubble}; input displace = 0; input factor1 = 1.0; input factor2 = 2.0; input factor3 = 3.0; input length = 21; input price = close; input averageType = AverageType.SIMPLE; input trueRangeAverageType = AverageType.SIMPLE; def shift1 = factor1 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift2 = factor2 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def shift3 = factor3 * MovingAverage(trueRangeAverageType, TrueRange(high, close, low), length); def average = MovingAverage(averageType, price, length); def Upper_Band1 = average[-displace] + shift1[-displace]; def Upper_Band2 = average[-displace] + shift2[-displace]; def Upper_Band3 = average[-displace] + shift3[-displace]; def Lower_Band1 = average[-displace] - shift1[-displace]; def Lower_Band2 = average[-displace] - shift2[-displace]; def Lower_Band3 = average[-displace] - shift3[-displace]; AddLabel(if label_option==label_option.bubble then double.nan else Between(close, Lower_Band1, Upper_Band1), if label_option==label_option.less then "AVG" else "close==" + AsDollars(close) + (if close < average then " < " else " > ") + " keltner average==" + AsDollars(average), if close > average then Color.LIGHT_GREEN else Color.LIGHT_RED); AddLabel(if label_option==label_option.bubble then double.nan else close < Lower_Band3, if label_option==label_option.less then "L-3" else "close==" + AsDollars(close) + " < lower3==" + AsDollars(Lower_Band3), Color.LIGHT_RED); AddLabel(if label_option==label_option.bubble then double.nan else Between(close, Lower_Band3, Lower_Band2), if label_option==label_option.less then "L-2" else "close==" + AsDollars(close) + " < lower2==" + AsDollars(Lower_Band2), Color.LIGHT_RED); AddLabel(if label_option==label_option.bubble then double.nan else Between(close, Lower_Band2, Lower_Band1), if label_option==label_option.less then "L-1" else "close==" + AsDollars(close) + " < lower1==" + AsDollars(Lower_Band1), Color.LIGHT_RED); AddLabel(if label_option==label_option.bubble then double.nan else Between(close, Upper_Band1, Upper_Band2), if label_option==label_option.less then "U-1" else "close==" + AsDollars(close) + " > upper1==" + AsDollars(Upper_Band1), Color.LIGHT_GREEN); AddLabel(if label_option==label_option.bubble then double.nan else Between(close, Upper_Band2, Upper_Band3), if label_option==label_option.less then "U-2" else "close==" + AsDollars(close) + " > upper2==" + AsDollars(Upper_Band2), Color.LIGHT_GREEN); AddLabel(if label_option==label_option.bubble then double.nan else close > Upper_Band3, if label_option==label_option.less then "U-3" else "close==" + AsDollars(close) + " > upper3==" + AsDollars(Upper_Band3), Color.LIGHT_GREEN); #---------------------------- #Bubble option input bubblemover = 2; def b = bubblemover; def b1 = b + 1; addchartbubble(close[b1]>= Average[b1] and label_option==label_option.bubble and isnan(close[b]) and !isnan(close[b1]), close[b1], if Between(close[b1], Lower_Band1[b1], Upper_Band1[b1]) then "AVG" else if close[b1]>Upper_Band3[b1] then "U-3" else if Between(close[b1], Upper_Band2[b1], Upper_Band3[b1]) then "U-2" else "U-1", color.green); addchartbubble(close[b1]< Average[b1] and label_option==label_option.bubble and isnan(close[b]) and !isnan(close[b1]), close[b1], if Between(close[b1], Lower_Band1[b1], Upper_Band1[b1]) then "AVG" else if close[b1]<Lower_Band3[b1] then "L-3" else if Between(close[b1], Lower_Band3[b1], Lower_Band2[b1]) then "L-2" else "L-1", color.light_red); #
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