Help Creating Mid of Bar and ATR Code

[akoplan]

Hello, looking for code to do two things 1. Show a line at Or show a label of the value of the mid of a bar (based on chart time, ie, 1-minute, or 5-minute, etc.). I think a nice, fat line right in the middle of the bar would be my preference so it is visually noticeable. 2. Change a bar color to bright purple when the range of the bar is larger or smaller than the ATR of the prior X (default to 10) bars for the chart period by a user's input value, like .5%, 1.2%, 50%, etc. of the ATR, whatever the user's preference. So if I am looking for a bar on a one-minute chart that has a range of 1.5x the ATR of the prior 10 bars, it will appear as a bright purple bar on my screen. Thank you for any help.


An additional attribute to 1. above is to have a few inputs so you could show lines at the .618, .5, and .272 levels of the bar.

 

[SleepyZ]

Hello, looking for code to do two things 1. Show a line at Or show a label of the value of the mid of a bar (based on chart time, ie, 1-minute, or 5-minute, etc.). I think a nice, fat line right in the middle of the bar would be my preference so it is visually noticeable. 2. Change a bar color to bright purple when the range of the bar is larger or smaller than the ATR of the prior X (default to 10) bars for the chart period by a user's input value, like .5%, 1.2%, 50%, etc. of the ATR, whatever the user's preference. So if I am looking for a bar on a one-minute chart that has a range of 1.5x the ATR of the prior 10 bars, it will appear as a bright purple bar on my screen. Thank you for any help.


An additional attribute to 1. above is to have a few inputs so you could show lines at the .618, .5, and .272 levels of the bar.

Try this

plot midbar = hl2;
midbar.SetDefaultColor(Color.YELLOW);
midbar.SetLineWeight(5);
midbar.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

input percent = 1.5;
input length  = 10;
def atr = ATR(length)[1];
input showatrcolor = yes;
AssignPriceColor(if !showatrcolor
                 then Color.CURRENT
                 else if (high - low) > atr * percent
                 then Color.MAGENTA   
                 else Color.CURRENT);

####################
input test = yes;
AddChartBubble(test, low - TickSize() * 5,
                    "HL: "  + (high - low) +
                    "\nATR: " + AsText(atr) +
                    "\nATR*%: " + AsText(atr * percent) ,
                    if (high - low) > atr * percent
                    then Color.MAGENTA   
                    else Color.GRAY, no);

 

[akoplan]

Awesome, just now checking. Will review today and appreciate it very much!

Try this

That is really nice, but can you make so the label prints only for the bar that meets the ATR criteria? Otherwise, it has too many labels for me.

 

[SleepyZ]

Awesome, just now checking. Will review today and appreciate it very much!


That is really nice, but can you make so the label prints only for the bar that meets the ATR criteria? Otherwise, it has too many labels for me.

Here is the bubbles for just the magenta bars. You can now move those at the user input bubble_updown.

I usually include bubbles just for testing only. If you want to keep them, I would suggest removing/reducing the names in the bubbles to avoid blocking other candles.

plot midbar = hl2;
midbar.SetDefaultColor(Color.YELLOW);
midbar.SetLineWeight(5);
midbar.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

input percent = 1.5;
input length  = 10;
def atr = ATR(length)[1];
input showatrcolor = yes;
AssignPriceColor(if !showatrcolor
                 then Color.CURRENT
                 else if (high - low) > atr * percent
                 then Color.MAGENTA   
                 else Color.CURRENT);

####################
input test = yes;
input bubble_updown = 5;
AddChartBubble(test and (high - low) > atr * percent, low - TickSize() * bubble_updown,
                    "HL: "  + (high - low) +
                    "\nATR: " + AsText(atr) +
                    "\nATR*%: " + AsText(atr * percent) ,
                    if (high - low) > atr * percent
                    then Color.MAGENTA   
                    else Color.GRAY, no);

 

[akoplan]

That is really, really wonderful code...thank you so much. Helps me identify scalp zones and initiative moves in ES futures. I do not know how to reduce the text size in the bubble, but moving it low enough seems okay. Super cool, thank you.