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Post From: Daily Range Bands

[2019-07-31 15:35:12] Link To Thread - Link To Post [Go To First Post]
User560075 - Posts: 10
Hi. As per the instructions on this indicator, I have set up different Daily Range Bands for various percentage levels on an intraday chart - which is referenced to a historical daily chart with ATR (simp. 14). I have attached various screen shots of charts The problem is - on checking the 5 min chart the 100% band high and low does not match the ATR day number. For example the intraday 1 ATR for Tues 7/30 measures the difference between ATR high and low at 21.5 points. The DRB is set to look back one day, so the daily ATR (14) for that day is Monday is 21.5 points, but the historical chart shows an ATR of 23.77. Furthermore, there is no ATR match for any ATR on any day. I have carefully set up the intraday chart as instructed from the website (image also attached), but with no success for a match - they're close, but they should be an exact match. Any assistance to solving this would be greatly appreciated. I have been through the support forums and found other users having the same problem, but there are many inconsistent solutions offered in each thread either from support, or from other users. I am not sure, if I have got this wrong somewhere, but have not come up with a solution despite a lot of research on the topic. Thanks again. The Daily Range Bar study configuration for the 5 min chart is: Range Study Reference Subgraph: #1.ID1.SG1 Gap Adjust With Yesterdays Close: Yes Number of Days to Display (0 = All): 0 Band Multiplier: 1 Use High/Low from Historical Daily Chart: YES Daily Range Displacement: 1 Stop Updating High/Low When Projected Range Met: NO http://www.sierrachart.com/image.php?Image=1564587206599.png http://www.sierrachart.com/image.php?Image=1564587252607.png


Intraday ATR.png / V - Attached On 2019-07-31 15:05:41 UTC - Size: 219.06 KB - 500 views Daily ATR.png / V - Attached On 2019-07-31 15:06:03 UTC - Size: 191.1 KB - 536 views ATR Band Config.png / V - Attached On 2019-07-31 15:06:13 UTC - Size: 108.66 KB - 327 views