DailyATR levels on 1 min chart starting from open price

[warrenmac]

Hi. Your indicators are AWESOME. I was wondering if there is an indicator that shows the Daily ATR levels as 2 lines but on all timeframes that adjust as the day goes? I havent been able to find this. But I only want the daily ATR levels. Is this possible?

 

[warrenmac]

I had some time so I created what I presume you want. The caveat is that it is more logical to use the previous days close rather that the days open, since the atr takes that into account. In any event here is the code and 2 examples from todays trade for AAPL and GOOG on a 3 minute chart:View attachment 22285View attachment 22288

#Day Lines##############################
def AP = AggregationPeriod.DAY;
plot D_Open = open(period = AP);
D_Open.SetDefaultColor(color.yellow);
D_Open.SetPaintingStrategy(PaintingStrategy.POINTS);
D_Open.SetLineWeight(2);
D_Open.HideTitle();

plot D_High = high(period = AP);
D_High.SetDefaultColor(color.green);
D_High.SetPaintingStrategy(PaintingStrategy.POINTS);
D_High.SetLineWeight(2);
D_High.HideTitle();

plot D_Low = low(period = AP);
D_Low.SetDefaultColor(color.red);
D_Low.SetPaintingStrategy(PaintingStrategy.POINTS);
D_Low.SetLineWeight(2);
D_Low.HideTitle();

input AtrLngth = 14;
def tr = TrueRange (high(period = ap), close(period = ap), low(period = ap));
def AtrA = Round(ExpAverage(tr,  AtrLngth), 2);
def Atr = atra[1];
def uatr = high(period = AP)+ (atr-tr);
def datr = low(period = AP)- (atr-tr);

plot atru = (if uatr <= D_open then double.nan else uatr);
atru.SetDefaultColor(color.yellow);
atru.SetPaintingStrategy(PaintingStrategy.DASHES);
atru.SetLineWeight(3);
atru.HideTitle();

plot atrd = (if datr >= D_Open then double.nan else datr);
atrd.SetDefaultColor(color.yellow);
atrd.SetPaintingStrategy(PaintingStrategy.DASHES);
atrd.SetLineWeight(3);
atrd.HideTitle();

Addlabel(yes,"ATR_Length:" + ATRLngth + "  ATR: " + atr + "  TR: " + tr + "  Remainder: " + round((atr-tr),2),color.yellow);

This is fantastic!!! This is what I needed and I thank you!

 

[warrenmac]

This is fantastic!!! This is what I needed and I thank you!

The reason I want to see the range from the open is because the stocks I look at that are trending strongly seem to still run close to ATR range after open regardless of the overnight gap up or down.

 

[Tchad]

Hi. Your indicators are AWESOME. I was wondering if there is an indicator that shows the Daily ATR levels as 2 lines but on all timeframes that adjust as the day goes? I havent been able to find this. But I only want the daily ATR levels. Is this possible?

Here is what you're looking for.

#Follow ken on Twitter @KRose_TDA
#Ken Rose wrote the original script for market_Maker_Move to better enable traders
#to define trades
#
#Adapted by MBOX56 to use ATR instead of MMM along with other modifications:
#Added Hint code
#Added all ATR code
#Added a show_plot switch
#Added all Chart Bubble code
#
#

#HINT: Will find the ATR range and display a Label and a Plot with a Chart Bubble for the Input number of bars and the ATR Type and the ATR value. \nThe Label and Plot with Chart Bubble can each be individually turned On or Off. \n\nNote that you need to Set the Time Expansion to at least 5 in Chart Settings Setup to display the ATR Plot.

#Set ATR Type and lookback value and number of ATR's
input ATR_type = AverageType.wilders;
input num_bars = 14;
input ATR_times = 1.0;

#determines if we show the label
input show_label = yes;

#determines if we show the Plot and Chart Bubble
input show_plot = yes;

#Chart Bubble Offset
input bubble_offset_upper = 5;
input bubble_offset_lower = 5;

#Calculate the ATR value
def ATR_R = If BarNumber() >= num_bars Then
MovingAverage
(ATR_type, TrueRange(high, close, low),num_bars) * ATR_times
Else double.NaN;

def ATR = round(ATR_R,2);

#Display Label
AddLabel(show_label and BarNumber() >= num_bars, ATR_times + " X ATR: +/- " + if ATR > 0.0
then AsDollars(ATR) else "", GetColor(1));

#Only finds the last bar on chart
def bar = if IsNaN(close)
then bar[1]
else BarNumber();

def Highest_Bar = HighestAll(bar);

#Assigns Close + ATR if at last bar on chart
def barCount = if show_plot and bar == Highest_Bar
then (close + ATR)
else double.NaN;

#Plots the ATR Upper Line
plot upper = if show_plot and Highest_Bar == bar
then HighestAll(barCount)
else Double.NaN;

upper.SetDefaultColor(Color.GREEN);
upper.SetPaintingStrategy(PaintingStrategy.LINE);
upper.SetLineWeight(3);

#Adds a chart Bubble to ATR Upper Line
AddChartBubble(show_plot and (barnumber() - bubble_offset_upper) == highest_bar, upper, "+ " + ATR_times + " ATR", Color.GREEN, yes);

#Assigns Close - ATR if at last bar on chart
def barCount2 = if Highest_Bar == bar
then (close - ATR)
else Double.NaN;

#Plots the ATR Lower Line
plot lower = if show_plot and Highest_Bar == bar
then HighestAll(barCount2)
else Double.NaN;

lower.SetDefaultColor(Color.RED);
lower.SetPaintingStrategy(PaintingStrategy.LINE);
lower.SetLineWeight(3);

#Adds a chart Bubble to ATR Lower Line
AddChartBubble(show_plot and (barnumber() - bubble_offset_lower) == highest_bar, lower, "- " + ATR_times + " ATR", Color.RED, no);

 

[hboogie]

Here is what you're looking for.

#Follow ken on Twitter @KRose_TDA
#Ken Rose wrote the original script for market_Maker_Move to better enable traders
#to define trades
#
#Adapted by MBOX56 to use ATR instead of MMM along with other modifications:
#Added Hint code
#Added all ATR code
#Added a show_plot switch
#Added all Chart Bubble code
#
#

#HINT: Will find the ATR range and display a Label and a Plot with a Chart Bubble for the Input number of bars and the ATR Type and the ATR value. \nThe Label and Plot with Chart Bubble can each be individually turned On or Off. \n\nNote that you need to Set the Time Expansion to at least 5 in Chart Settings Setup to display the ATR Plot.

#Set ATR Type and lookback value and number of ATR's
input ATR_type = AverageType.wilders;
input num_bars = 14;
input ATR_times = 1.0;

#determines if we show the label
input show_label = yes;

#determines if we show the Plot and Chart Bubble
input show_plot = yes;

#Chart Bubble Offset
input bubble_offset_upper = 5;
input bubble_offset_lower = 5;

#Calculate the ATR value
def ATR_R = If BarNumber() >= num_bars Then
MovingAverage
(ATR_type, TrueRange(high, close, low),num_bars) * ATR_times
Else double.NaN;

def ATR = round(ATR_R,2);

#Display Label
AddLabel(show_label and BarNumber() >= num_bars, ATR_times + " X ATR: +/- " + if ATR > 0.0
then AsDollars(ATR) else "", GetColor(1));

#Only finds the last bar on chart
def bar = if IsNaN(close)
then bar[1]
else BarNumber();

def Highest_Bar = HighestAll(bar);

#Assigns Close + ATR if at last bar on chart
def barCount = if show_plot and bar == Highest_Bar
then (close + ATR)
else double.NaN;

#Plots the ATR Upper Line
plot upper = if show_plot and Highest_Bar == bar
then HighestAll(barCount)
else Double.NaN;

upper.SetDefaultColor(Color.GREEN);
upper.SetPaintingStrategy(PaintingStrategy.LINE);
upper.SetLineWeight(3);

#Adds a chart Bubble to ATR Upper Line
AddChartBubble(show_plot and (barnumber() - bubble_offset_upper) == highest_bar, upper, "+ " + ATR_times + " ATR", Color.GREEN, yes);

#Assigns Close - ATR if at last bar on chart
def barCount2 = if Highest_Bar == bar
then (close - ATR)
else Double.NaN;

#Plots the ATR Lower Line
plot lower = if show_plot and Highest_Bar == bar
then HighestAll(barCount2)
else Double.NaN;

lower.SetDefaultColor(Color.RED);
lower.SetPaintingStrategy(PaintingStrategy.LINE);
lower.SetLineWeight(3);

#Adds a chart Bubble to ATR Lower Line
AddChartBubble(show_plot and (barnumber() - bubble_offset_lower) == highest_bar, lower, "- " + ATR_times + " ATR", Color.RED, no);

Away from the desk for a few days but would love to see how this looks on a chart, if possible. Thank you.