Franklin ATR Indicator for ThinkorSwim


Staff member
This indicator can be used on any timeframe to find potential turning points.



thinkScript Code

# Franklin ATR Bar
# Assembled by BenTen at
# Converted by

input i = 1;
input a = 1;
input o = 3;

def ema65=expAverage(close,65);
def atrover= high-atr(15)*a;
def atrunder= low+atr(15)*a;

def isover = (if i==2 then low else close) < atrover and close>ema65 and close-ema65<atr(15)*o;
def isunder = (if i==2 then high else close) > atrunder and close<ema65 and ema65-close<atr(15)*o;

# Plot Signals
plot bullish = isunder;
plot bearish = isover;

# Add # in front of the assignPriceColor below if you don't want to paint your candles
assignPriceColor(if isover then else if isunder then else color.white);


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