How to exit a startegy using 2 * ATR

[Trendman]

def averageType = AverageType.Exponential;
def exitPrice = ExpAverage(TrueRange(high, low, close), length);
AddOrder(OrderType.BUY_TO_CLOSE, EntryPrice() + exitPrice);

This is not giving me the expected results. I added a label to view the ATR. The ATR displays $4.16 and the 2 * ATR displays at $8.80. I see why my expected results are different, owever I can not find out why 2 * ATR is different than the ATR? HELP!

Thanks
Frank

 

[halcyonguy]

def averageType = AverageType.Exponential;
def exitPrice = ExpAverage(TrueRange(high, low, close), length);
AddOrder(OrderType.BUY_TO_CLOSE, EntryPrice() + exitPrice);

This is not giving me the expected results. I added a label to view the ATR. The ATR displays $4.16 and the 2 * ATR displays at $8.80. I see why my expected results are different, owever I can not find out why 2 * ATR is different than the ATR? HELP!

Thanks
Frank

several issues,
. you didn't post the complete code
. averageType defined, but not used
. length not defined
. addorder data is wrong. 2nd parameter should be trigger condition, not a price.
. addorder, no order quantity. default listed as - , so i guess it won't be processed.
. you are asking about atr when you don't have a variable for it. ( i think it is what is in the expaverage( ) , i would define a variable , def atr1 = .... , then use atr1 in the expaverage, and put atr1 in a bubble to see the values


drf atr1 = TrueRange(high, low, close);
addchartbubble(1, low, atr1, color.yellow, no);

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/AddOrder

 

[Trendman]

Thank you both for your responses. I looked at this for so long I needed a fresh set of eyes. I was able to make the corrections needed and am getting my expected results.
Thank you so much for your help.
Trendman

 

[halcyonguy]

Thank you both for your responses. I looked at this for so long I needed a fresh set of eyes. I was able to make the corrections needed and am getting my expected results.
Thank you so much for your help.
Trendman

good to hear. sometimes you just need a break. just the other day , i had an unexpected code output, that turned out to be a silly mistake.