Average True Range [spinn] For ThinkOrSwim

[apdusp]

interesting ATR, use directly or indirectly as in Supertrend and etc

for those that use ATR directly or indirectly as in Supertrend in their setup, this conversion can be of interest

"The "Average True Range" indicator is a popular tool that measures price volatility. In this modified indicator, I present two methods of calculating ATR: the outdated classical one based on RMA (EMA, SMA, WMA), and the modernized one using the Super Smoother filter" [author]

https://www.tradingview.com/script/xROTDDDI-spinn-average-true-range/

 

[samer800]

interesting ATR, use directly or indirectly as in Supertrend and etc

for those that use ATR directly or indirectly as in Supertrend in their setup, this conversion can be of interest

"The "Average True Range" indicator is a popular tool that measures price volatility. In this modified indicator, I present two methods of calculating ATR: the outdated classical one based on RMA (EMA, SMA, WMA), and the modernized one using the Super Smoother filter" [author]

https://www.tradingview.com/script/xROTDDDI-spinn-average-true-range/

check the below:

#//@version=5
#indicator('[Spinn] Average True Range', '[Spinn] ATR', timeframe='', timeframe_gaps=true)


declare lower;

input length = 20;#, 'Length', minval=3)


def source = TrueRange(high, close, low);

def rma = WildersAverage(source, length);
def ema = ExpAverage(source, length);
def sma = Average(source, length);
def wma = wma(source, length);
def ssma = EhlersSuperSmootherFilter(source, length);
def median = median(ssma, length);

plot medMovAvg = median;     # 'median ATR'
plot ssmaMovAvg = ssma;      # 'ssma ATR'
plot wmaMovAvg = wma;        # 'wma ATR'
plot smaMovAvg = sma;        # 'sma ATR'
plot emaMovAvg = ema;        # 'ema ATR'
plot rmaMovAvg = rma;        # 'rma ATR'

ssmaMovAvg.SetLineWeight(2);
medMovAvg.SetLineWeight(2);
rmaMovAvg.SetDefaultColor(Color.ORANGE);
emaMovAvg.SetDefaultColor(Color.CYAN);
smaMovAvg.SetDefaultColor(Color.WHITE);
wmaMovAvg.SetDefaultColor(Color.YELLOW);
ssmaMovAvg.SetDefaultColor(Color.MAGENTA);
medMovAvg.SetDefaultColor(Color.RED);