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.