Horizontal ATR

[opeyemiajoje]

Hi,

Can someone please assist on a TOS code to draw a horizontal line of 3 ATR (average true range) moves above and below the 21EMA

 

[mc01439]

input emaLength     = 21;
input atrLength     = 14;
input atrMult       = 3;
input atrAvgType    = AverageType.WILDERS;

# 21 EMA of close
plot ema21 = ExpAverage(close, emaLength);
EMA21.SetDefaultColor(Color.CYAN);
EMA21.SetLineWeight(2);

# ATR based on Wilder's average of TrueRange
def tr  = TrueRange(high, close, low);
def atr = MovingAverage(atrAvgType, tr, atrLength);

# Levels: 3 ATR above and below the 21 EMA
plot upperATR = ema21 + atrMult * atr;
plot lowerATR = ema21 - atrMult * atr;

upperATR.SetDefaultColor(Color.GREEN);
lowerATR.SetDefaultColor(Color.RED);

upperATR.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lowerATR.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

upperATR.SetLineWeight(2);
lowerATR.SetLineWeight(2);

 

[halcyonguy]

input emaLength     = 21;
input atrLength     = 14;
input atrMult       = 3;
input atrAvgType    = AverageType.WILDERS;

# 21 EMA of close
plot ema21 = ExpAverage(close, emaLength);
EMA21.SetDefaultColor(Color.CYAN);
EMA21.SetLineWeight(2);

# ATR based on Wilder's average of TrueRange
def tr  = TrueRange(high, close, low);
def atr = MovingAverage(atrAvgType, tr, atrLength);

# Levels: 3 ATR above and below the 21 EMA
plot upperATR = ema21 + atrMult * atr;
plot lowerATR = ema21 - atrMult * atr;

upperATR.SetDefaultColor(Color.GREEN);
lowerATR.SetDefaultColor(Color.RED);

upperATR.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
lowerATR.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

upperATR.SetLineWeight(2);
lowerATR.SetLineWeight(2);

your code matches most of his words, but not his picture.
he wants horizontal lines

 

[halcyonguy]

Hi,

Can someone please assist on a TOS code to draw a horizontal line of 3 ATR (average true range) moves above and below the 21EMA

here you go

draw horizontal ATR lines , x bars back, from last bar, based on prices on last bar.
you can pick how many bars back to start the lines.
i modified mc01439 code.

enable these lines to see continuous lines that follow the ema line.
#plot u1 = upperatr;
#plot l1 = loweratr;

#ATR_horz_lines

#https://usethinkscript.com/threads/horizontal-atr.22497/
#Horizontal ATR
#opeyemiajoje  7/4

#Can someone please assist on a TOS code to draw a horizontal line of 3 ATR (average true range) moves above and below the 21EMA


def na = double.nan;
def bn = barnumber();

# x is true during a group of bars, ending at the last bar
input last_bars = 8;
def z = !isnan(close[ (-(last_bars-1)) ]) and isnan(close[-last_bars]);
#addverticalline(z, "-", color.cyan);


input ema_length     = 21;
input atr_length     = 14;
input atr_mult       = 3.0;
input atrAvgType    = AverageType.WILDERS;

plot ema = ExpAverage(close, ema_length);
EMA.SetDefaultColor(Color.CYAN);
EMA.SetLineWeight(2);

def tr  = TrueRange(high, close, low);
def atr = MovingAverage(atrAvgType, tr, atr_length);

def upperATR = ema + atr_mult * atr;
def lowerATR = ema - atr_mult * atr;

#plot u1 = upperatr;
#plot l1 = loweratr;

# define horz lines
def upper;
def lower;
if bn == 1 then {
 upper = na;
 lower = na;
} else if z then {
 upper = getvalue(upperATR, -(last_bars-1));
 lower = getvalue(lowerATR, -(last_bars-1));
} else {
 upper = upper[1];
 lower = lower[1];
}


plot ua = upper;
plot la = lower;
ua.SetDefaultColor(Color.GREEN);
ua.SetStyle(Curve.MEDIUM_DASH);
# ua.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
ua.SetLineWeight(2);
la.SetDefaultColor(Color.RED);
la.SetStyle(Curve.MEDIUM_DASH);
#la.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
la.SetLineWeight(2);
#