ATR ADR Indicator (with %) For ThinkOrSwim

[K_O_Trader]

I couldn't find one in this forum that was simple and showed percentages of the price. Plots both ADR and ATR with their percentages as labels.

Let me know if it can be improved.

declare lower;

input length = 14;

plot ATR = MovingAverage(AverageType.wilders, TrueRange(high, close, low), length);
ATR.SetDefaultColor(GetColor(8));

AddLabel (yes, "ATR:" + Round((ATR / close) * 100, 3) + "%", Color.WHITE);


AddLabel (yes, "ATR:" + round((ATR) , 3), Color.white);


plot ADR = MovingAverage(AverageType.wilders, high-low, length);
ADR.SetDefaultColor(GetColor(6));

AddLabel (yes, "ADR:" + round((ADR) , 3), Color.light_green);

AddLabel (yes, "ADR:" + Round((ADR / close) * 100, 3) + "%", Color.light_green);

This is great any way to make the ATR % Label into a watchlist column?

 

[K_O_Trader]

This is great any way to make the ATR % Label into a watchlist column?

I figured it out, Watchlist column for ATR as a percentage is posted below

declare lower;

input length = 14;

plot ATR = MovingAverage(AverageType.wilders, TrueRange(high, close, low), length);
ATR.SetDefaultColor(GetColor(8));

AddLabel (yes, "" + Round((ATR / close) * 100, 3) + "%", Color.WHITE);

 

[tdya888]

@MColb Yes. Try the below code, make sure to change the length to however many bars you wish to use as the average.

# Scan for Average Daily Range of 14 bars to be > 5%
def length = 14;
plot scan = (average(high - low, length)/close*100) > 5;

Hello,

Would you be kindly enough to add another criteria where to filter out stock under $5 with 5% or less not showing on the scanner? Thank you very much.

 

[MerryDay]

Hello,

Would you be kindly enough to add another criteria where to filter out stock under $5 with 5% or less not showing on the scanner? Thank you very much.

To scan for Average Daily Range of 14 bars to be > 5% and price > $5

# Scan for Average Daily Range of 14 bars to be > 5%  and price > $5
def length = 14;
plot scan = (average(high - low, length)/close*100) > 5 and close>5 ;