ATR % Watchlist Column for ThinkorSwim

[jngy2k]

It is a chart study that shows ATR% label of the past 20 days.

How do I make a column in watchlist ???

input length = 20;
input averageType = AverageType.Simple;
plot ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
AddLabel (yes, "ATR: " + Round((ATR / close) * 100, 1) + "%", Color.WHITE);

 

[rad14733]

You can display the value but not mixed with text, at least not that I am aware of... The code below should work for you...

input length = 20;
input averageType = AverageType.Simple;
plot ATR = Round(MovingAverage(averageType, TrueRange(high, close, low), length) * 100);
ATR.AssignValueColor(Color.BLACK);
AssignBackgroundColor(Color.WHITE);

 

[jngy2k]

@rad14733 Thanks my guy. Looks real good. Works great for people that want to trade momentum stocks. Be well.

 

[gogoisgone]

How do you use this?

 

[jngy2k]

sort stocks by high atr. higher the better.

 

[gio999]

You can display the value but not mixed with text, at least not that I am aware of... The code below should work for you...

input length = 20;
input averageType = AverageType.Simple;
plot ATR = Round(MovingAverage(averageType, TrueRange(high, close, low), length) * 100);
ATR.AssignValueColor(Color.BLACK);
AssignBackgroundColor(Color.WHITE);

hi sorry i copy and pasted this but for some reason it is not working. see screen shots below. does anyone know what im doing wrong?

 

[MerryDay]

hi sorry i copy and pasted this but for some reason it is not working. see screen shots below. does anyone know what im doing wrong?
View attachment 18932
View attachment 18933

Looks to be working fine.

 

[gio999]

Looks to be working fine.

Hi Merry Day, am i looking at this wrong then?
ATR/last price
the first row should be around 3.1, not 3257
bottom row should be around 1.5, not 880

 

[MerryDay]

Hi Merry Day, am i looking at this wrong then?
ATR/last price
the first row should be around 3.1, not 3257
bottom row should be around 1.5, not 880

Let's back up.

This is the definition for ATR. There is not any other definition. So there is no question if this is "right"

input length = 20;
input averageType = AverageType.Simple;
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);

This is what is showing up in your watchlist.


Sounds like maybe you are looking for a percentage of ATR in relation to price?
Basic math for a percentage:

(ATR / close) * 100

There is no other way to calculate percentages.

Now put it all together:

# ATR definition
input length = 20;
input averageType = AverageType.Simple;
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);

# percentage definition
plot pct = Round((ATR / close) * 100, 1) ;

We could do some fancy formatting. But until we agree that math is math. We shouldn't

 

[Salaxy]

Hi, if I want to display the ATR and the ATR % on my chart, how would I do that. As in a box on the top left of the chart.

 

[MerryDay]

Hi, if I want to display the ATR and the ATR % on my chart, how would I do that. As in a box on the top left of the chart.

ATR and ATR % Label

# ATR and ATR % Label
input length = 20;
input averageType = AverageType.Simple;
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);

AddLabel(yes,"ATR: " +round(ATR,2) +"  " +asPercent(ATR / close), color.dark_orange);

 

[Salaxy]

ATR and ATR % Label

# ATR definition
input length = 20;
input averageType = AverageType.Simple;
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);

AddLabel(yes,"ATR: " +round(ATR,2) +"  " +asPercent(ATR / close), color.dark_orange);

thank you. Is there a way to make the ATR stay static on a D time frame even as I flip through lower time frames. So if I'm on a 30 min chart, it still displays the ATR based on the last X Days (not last x 30 min bars).

 

[MerryDay]

thank you. Is there a way to make the ATR stay static on a D time frame even as I flip through lower time frames. So if I'm on a 30 min chart, it still displays the ATR based on the last X Days (not last x 30 min bars).

MTF Multi-TimeFrame ATR and ATR % Label

# MTF Multi-TimeFrame ATR and ATR % Label
input length = 20;
input averageType = AverageType.Simple;
input agg = AggregationPeriod.DAY;
def close = close(period = agg);
def high= high(period = agg);
def low= low(period = agg);
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);

AddLabel(yes,"ATR: " +round(ATR,2) +"  " +asPercent(ATR / close), color.dark_orange);

 

[OptionsTrader2020]

Can you code a TOS watchlist label for me showing the ATR % based on the following script?

-------------------------- Start Code
declare upper;

input AtrAvgLength = 14;

def ATR = WildersAverage(TrueRange(high(period = aggregationPeriod.DAY), close(period = aggregationPeriod.DAY), low(period = aggregationPeriod.DAY)), AtrAvgLength);

def TodayHigh = Highest(high(period = aggregationPeriod.DAY), 1);
def TodayLow = Lowest(low(period = aggregationPeriod.DAY), 1);

def DTR = TodayHigh - TodayLow;

def DTRpct = Round((DTR / ATR) * 100, 0);

AddLabel (yes, "DTR " + Round (DTR , 2) + " vs ATR " + round (ATR,2)+ " " + round (DTRpct,0) + "%", Color.GRAY);

-------------------------- End Code