Expected Move and ATR level.

C

CashMoney

Member
VIP
Hi,
@samer800 @MerryDay
I need some help in plotting fib levels using this indicator. I took some parts of the indicator out.
There are three lines in the indicator: MidRange, High ATR and Low ATR.

I would like fib level to be automatically plotted from following levels.
I would like Fib levels (o % to 100%) to be plotted (lines) from Mid range to High ATR.
I would like fib levels ( 0% to 100%) to be plotted (lines) from Mid range to low ATR .

Also, if small bubbles can be plotted on fib levels as well as options of fib extension to be plotted.

Thank you!! I appreciate all the help that I can get.


Here is the indicator:

# Expected Market Move
# Daily and intraday
# Assembled by Chewie 1/2/2022

input labels = yes;
input length = 14;
input em_skew_percent = 70;
input em_bandwidth = 100;


input aggregationPeriod_nd = AggregationPeriod.WEEK;
def averageType = AverageType.WILDERS;
def hi_nd = high(period = aggregationPeriod_nd)[1];
def lo_nd = low(period = aggregationPeriod_nd)[1];
def cl_nd = close(period = aggregationPeriod_nd)[1];
def open_nd = open(period = aggregationPeriod_nd);

def ivGapHi;
def expmove;

ivGapHi = imp_volatility(period = aggregationPeriod_nd)[1];
expmove = close[1] * ivGapHi * Sqrt(6) / Sqrt(365) * em_skew_percent / 100 * em_bandwidth / 100;

# Start Volatility Range B
def ATR_nd = MovingAverage(averageType, TrueRange(hi_nd, cl_nd, lo_nd), length);
def op_nd = open_nd;
plot ATRHI = (op_nd + ATR_nd);
plot ATRLO = (op_nd - ATR_nd);

plot weeklyMID = (ATRHI - ATRLO) / 2 + ATRLO;
weeklyMID.AssignValueColor(Color.YELLOW);
weeklyMID.SetLineWeight(2);

AddLabel(yes and labels and close > weeklyMID, "WK", color.green);
AddLabel(yes and labels and close < weeklyMID, "WK", color.red);


# Customizations

ATRHI.AssignValueColor(Color.DARK_RED);
ATRHI.SetLineWeight(4);
#t2_percentile.AssignValueColor(color.light_red);

ATRLO.AssignValueColor(Color.DARK_GREEN);
ATRLO.SetLineWeight(4);
#b2_percentile.AssignValueColor(color.light_green);

ATRHI.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRLO.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
 
Last edited:
Solution
halcyonguy
CashMoney said:
Hi,
@samer800 @MerryDay
I need some help in plotting fib levels using this indicator. I took some parts of the indicator out.
There are three lines in the indicator: MidRange, High ATR and Low ATR.

I would like fib level to be automatically plotted from following levels.
I would like Fib levels (o % to 100%) to be plotted (lines) from Mid range to High ATR.
I would like fib levels ( 0% to 100%) to be plotted (lines) from Mid range to low ATR .

Also, if small bubbles can be plotted on fib levels as well as options of fib extension to be plotted.

Thank you!! I appreciate all the help that I can get.


Here is the indicator:

# Expected Market Move
# Daily and intraday
# Assembled by Chewie 1/2/2022

input labels =...
Click to expand...
Sort by date Sort by votes
CashMoney said:
Hi,
@samer800 @MerryDay
I need some help in plotting fib levels using this indicator. I took some parts of the indicator out.
There are three lines in the indicator: MidRange, High ATR and Low ATR.

I would like fib level to be automatically plotted from following levels.
I would like Fib levels (o % to 100%) to be plotted (lines) from Mid range to High ATR.
I would like fib levels ( 0% to 100%) to be plotted (lines) from Mid range to low ATR .

Also, if small bubbles can be plotted on fib levels as well as options of fib extension to be plotted.

Thank you!! I appreciate all the help that I can get.


Here is the indicator:

# Expected Market Move
# Daily and intraday
# Assembled by Chewie 1/2/2022

input labels = yes;
input length = 14;
input em_skew_percent = 70;
input em_bandwidth = 100;


input aggregationPeriod_nd = AggregationPeriod.WEEK;
def averageType = AverageType.WILDERS;
def hi_nd = high(period = aggregationPeriod_nd)[1];
def lo_nd = low(period = aggregationPeriod_nd)[1];
def cl_nd = close(period = aggregationPeriod_nd)[1];
def open_nd = open(period = aggregationPeriod_nd);

def ivGapHi;
def expmove;

ivGapHi = imp_volatility(period = aggregationPeriod_nd)[1];
expmove = close[1] * ivGapHi * Sqrt(6) / Sqrt(365) * em_skew_percent / 100 * em_bandwidth / 100;

# Start Volatility Range B
def ATR_nd = MovingAverage(averageType, TrueRange(hi_nd, cl_nd, lo_nd), length);
def op_nd = open_nd;
plot ATRHI = (op_nd + ATR_nd);
plot ATRLO = (op_nd - ATR_nd);

plot weeklyMID = (ATRHI - ATRLO) / 2 + ATRLO;
weeklyMID.AssignValueColor(Color.YELLOW);
weeklyMID.SetLineWeight(2);

AddLabel(yes and labels and close > weeklyMID, "WK", color.green);
AddLabel(yes and labels and close < weeklyMID, "WK", color.red);


# Customizations

ATRHI.AssignValueColor(Color.DARK_RED);
ATRHI.SetLineWeight(4);
#t2_percentile.AssignValueColor(color.light_red);

ATRLO.AssignValueColor(Color.DARK_GREEN);
ATRLO.SetLineWeight(4);
#b2_percentile.AssignValueColor(color.light_green);

ATRHI.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRLO.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Click to expand...


draw 2 sets of fib lines, between weekly price levels

can choose to have lines on all bars or just the last week period.

if the 2nd aggregation time is changed from week , then the x formula will have to be changed


Code: 
#expected_move_atr_fib_00

#https://usethinkscript.com/threads/expected-move-and-atr-level.14549/
#Expected Move and ATR level.

#There are three lines in the indicator: MidRange, High ATR and Low ATR.


# Expected Market Move
# Daily and intraday
# Assembled by Chewie 1/2/2022

input labels = yes;
input length = 14;
input em_skew_percent = 70;
input em_bandwidth = 100;


input aggregationPeriod_nd = AggregationPeriod.WEEK;
def averageType = AverageType.WILDERS;
def hi_nd = high(period = aggregationPeriod_nd)[1];
def lo_nd = low(period = aggregationPeriod_nd)[1];
def cl_nd = close(period = aggregationPeriod_nd)[1];
def open_nd = open(period = aggregationPeriod_nd);

def ivGapHi;
def expmove;

ivGapHi = imp_volatility(period = aggregationPeriod_nd)[1];
expmove = close[1] * ivGapHi * Sqrt(6) / Sqrt(365) * em_skew_percent / 100 * em_bandwidth / 100;

# Start Volatility Range B
def ATR_nd = MovingAverage(averageType, TrueRange(hi_nd, cl_nd, lo_nd), length);
def op_nd = open_nd;

def ATRHI = (op_nd + ATR_nd);
def ATRLO = (op_nd - ATR_nd);
def weeklyMID = (ATRHI - ATRLO) / 2 + ATRLO;


AddLabel(yes and labels and close > weeklyMID, "WK", color.green);
AddLabel(yes and labels and close < weeklyMID, "WK", color.red);


# Customizations

plot ATRHI2 = atrhi;
ATRHI2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRHI2.setdefaultColor(Color.DARK_RED);
ATRHI2.SetLineWeight(4);

plot weeklyMID2 = weeklyMID;
weeklymid2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
weeklyMID2.AssignValueColor(Color.YELLOW);
weeklyMID2.SetLineWeight(2);

plot atrlo2 = atrlo;
ATRLO2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRLO2.setdefaultColor(Color.DARK_GREEN);
ATRLO2.SetLineWeight(4);


#-----------------------

input show_fib_lines_only_current_period = yes;

def x = if !show_fib_lines_only_current_period then 1
 else if getweek() == getlastweek() then 1
 else 0;

def na = double.nan;

# fib levels
#  23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, 161.8%, 261.8%, and 423.6%
def f1 = 0.236;
def f2 = 0.382;
def f3 = 0.50;
def f4 = 0.618;
def f5 = 0.786;

# rng ,  ATR_nd
#-----------------------------
plot hi5 = if !x then na else weeklyMID + (ATR_nd * f5);
plot hi4 = if !x then na else weeklyMID + (ATR_nd * f4);
plot hi3 = if !x then na else weeklyMID + (ATR_nd * f3);
plot hi2 = if !x then na else weeklyMID + (ATR_nd * f2);
plot hi1 = if !x then na else weeklyMID + (ATR_nd * f1);

hi1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi1.setdefaultColor(Color.gray);
hi1.hidebubble();
hi2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi2.setdefaultColor(Color.gray);
hi2.hidebubble();
hi3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi3.SetStyle(Curve.MEDIUM_DASH);
hi3.setdefaultColor(Color.light_gray);
hi3.hidebubble();
hi4.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi4.setdefaultColor(Color.gray);
hi4.hidebubble();
hi5.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi5.setdefaultColor(Color.gray);
hi5.hidebubble();

#-----------------------------

plot lo5 = if !x then na else weeklyMID - (ATR_nd * f5);
plot lo4 = if !x then na else weeklyMID - (ATR_nd * f4);
plot lo3 = if !x then na else weeklyMID - (ATR_nd * f3);
plot lo2 = if !x then na else weeklyMID - (ATR_nd * f2);
plot lo1 = if !x then na else weeklyMID - (ATR_nd * f1);

lo1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo1.setdefaultColor(Color.gray);
lo1.hidebubble();
lo2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo2.setdefaultColor(Color.gray);
lo2.hidebubble();
lo3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo3.SetStyle(Curve.MEDIUM_DASH);
lo3.setdefaultColor(Color.light_gray);
lo3.hidebubble();
lo4.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo4.setdefaultColor(Color.gray);
lo4.hidebubble();
lo5.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo5.setdefaultColor(Color.gray);
lo5.hidebubble();

#-----------------------------

addchartbubble(0, low,
op_nd + "\n" +
open_nd + "\n" +
 ATR_nd + "\n" +
(getday() == getlastday()) + "\n" +
(getweek() == getlastweek())
, color.yellow, no);
#

BK 2hr chart
mg3fYDr.jpg
 
Upvote 0 Downvote
Solution
halcyonguy said:
draw 2 sets of fib lines, between weekly price levels

can choose to have lines on all bars or just the last week period.

if the 2nd aggregation time is changed from week , then the x formula will have to be changed


Code: 
#expected_move_atr_fib_00

#https://usethinkscript.com/threads/expected-move-and-atr-level.14549/
#Expected Move and ATR level.

#There are three lines in the indicator: MidRange, High ATR and Low ATR.


# Expected Market Move
# Daily and intraday
# Assembled by Chewie 1/2/2022

input labels = yes;
input length = 14;
input em_skew_percent = 70;
input em_bandwidth = 100;


input aggregationPeriod_nd = AggregationPeriod.WEEK;
def averageType = AverageType.WILDERS;
def hi_nd = high(period = aggregationPeriod_nd)[1];
def lo_nd = low(period = aggregationPeriod_nd)[1];
def cl_nd = close(period = aggregationPeriod_nd)[1];
def open_nd = open(period = aggregationPeriod_nd);

def ivGapHi;
def expmove;

ivGapHi = imp_volatility(period = aggregationPeriod_nd)[1];
expmove = close[1] * ivGapHi * Sqrt(6) / Sqrt(365) * em_skew_percent / 100 * em_bandwidth / 100;

# Start Volatility Range B
def ATR_nd = MovingAverage(averageType, TrueRange(hi_nd, cl_nd, lo_nd), length);
def op_nd = open_nd;

def ATRHI = (op_nd + ATR_nd);
def ATRLO = (op_nd - ATR_nd);
def weeklyMID = (ATRHI - ATRLO) / 2 + ATRLO;


AddLabel(yes and labels and close > weeklyMID, "WK", color.green);
AddLabel(yes and labels and close < weeklyMID, "WK", color.red);


# Customizations

plot ATRHI2 = atrhi;
ATRHI2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRHI2.setdefaultColor(Color.DARK_RED);
ATRHI2.SetLineWeight(4);

plot weeklyMID2 = weeklyMID;
weeklymid2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
weeklyMID2.AssignValueColor(Color.YELLOW);
weeklyMID2.SetLineWeight(2);

plot atrlo2 = atrlo;
ATRLO2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ATRLO2.setdefaultColor(Color.DARK_GREEN);
ATRLO2.SetLineWeight(4);


#-----------------------

input show_fib_lines_only_current_period = yes;

def x = if !show_fib_lines_only_current_period then 1
 else if getweek() == getlastweek() then 1
 else 0;

def na = double.nan;

# fib levels
#  23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, 161.8%, 261.8%, and 423.6%
def f1 = 0.236;
def f2 = 0.382;
def f3 = 0.50;
def f4 = 0.618;
def f5 = 0.786;

# rng ,  ATR_nd
#-----------------------------
plot hi5 = if !x then na else weeklyMID + (ATR_nd * f5);
plot hi4 = if !x then na else weeklyMID + (ATR_nd * f4);
plot hi3 = if !x then na else weeklyMID + (ATR_nd * f3);
plot hi2 = if !x then na else weeklyMID + (ATR_nd * f2);
plot hi1 = if !x then na else weeklyMID + (ATR_nd * f1);

hi1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi1.setdefaultColor(Color.gray);
hi1.hidebubble();
hi2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi2.setdefaultColor(Color.gray);
hi2.hidebubble();
hi3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi3.SetStyle(Curve.MEDIUM_DASH);
hi3.setdefaultColor(Color.light_gray);
hi3.hidebubble();
hi4.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi4.setdefaultColor(Color.gray);
hi4.hidebubble();
hi5.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
hi5.setdefaultColor(Color.gray);
hi5.hidebubble();

#-----------------------------

plot lo5 = if !x then na else weeklyMID - (ATR_nd * f5);
plot lo4 = if !x then na else weeklyMID - (ATR_nd * f4);
plot lo3 = if !x then na else weeklyMID - (ATR_nd * f3);
plot lo2 = if !x then na else weeklyMID - (ATR_nd * f2);
plot lo1 = if !x then na else weeklyMID - (ATR_nd * f1);

lo1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo1.setdefaultColor(Color.gray);
lo1.hidebubble();
lo2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo2.setdefaultColor(Color.gray);
lo2.hidebubble();
lo3.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo3.SetStyle(Curve.MEDIUM_DASH);
lo3.setdefaultColor(Color.light_gray);
lo3.hidebubble();
lo4.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo4.setdefaultColor(Color.gray);
lo4.hidebubble();
lo5.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lo5.setdefaultColor(Color.gray);
lo5.hidebubble();

#-----------------------------

addchartbubble(0, low,
op_nd + "\n" +
open_nd + "\n" +
 ATR_nd + "\n" +
(getday() == getlastday()) + "\n" +
(getweek() == getlastweek())
, color.yellow, no);
#

BK 2hr chart
mg3fYDr.jpg
Click to expand...
Thank you. I will try it out
 
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