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Direct MessagesDate/Time: Thu, 02 May 2024 04:26:09 +0000
Draw daily ATR as band on intraday chart
View Count: 6823
| [2013-11-18 09:16:55] |
| Bob77 - Posts: 17 |
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Hello, how can I draw the daily ATR as a band on an intraday chart? Ideally the upper line would be plotted at MIN(today's low, previous daily close) + ATR, and the lower line as MAX(today's high, previous daily close) - ATR, to account for gaps. Thank you |
| [2014-06-04 11:31:28] |
| AKR - Posts: 523 |
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is there any solution for this? also looking for it.
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| [2014-06-27 11:16:51] |
| User11644 - Posts: 16 |
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+1 This is similar to something I am looking for too.
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| [2014-07-19 10:45:20] |
| PTG - Posts: 57 |
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+1
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| [2014-07-20 05:13:19] |
| AKR - Posts: 523 |
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5 votes! - is this something you might consider now, SC engineers? If so - pls make the consideration of the previous daily close as an option. :-) thx, you´re the best !! |
| [2014-07-20 07:26:36] |
| User11644 - Posts: 16 |
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An indicator plotting ATR on the charts for all timeframes please. This would plot the projected high/low and can be used as dynamic support or resistance. This would be a cool addition to the best platform Sierra chart.
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| [2014-07-20 08:34:02] |
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We will look into this.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2014-07-20 09:32:14] |
| AKR - Posts: 523 |
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to user 11644´s comment. if for all time frames then the time basis of the ATR calculation should be a variable. (like a chart it is based on, then one could take a daily chart or the actual chart) I eg. am not too much interested in a 5min chart with a 5min ATR. in 95% of the cases I always want it to be the daily ATR. This also would not need to be in stair steps, but for me a adjusting horizontal line would be sufficent. because once I make a new low I am not interested in what the old low + ATR was 30mins ago. again thx!! |
| [2014-07-20 10:04:49] |
| crazybears - Posts: 314 |
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Hi maybe i didn't understand but are you speaking about something like this ? : http://www.activetradermag.com/index.php/c/Trading_Strategies/d/Optimized_ATR_bands ATR Bands try to look at Studies-> Add custom study -> User contribuited studies |
| [2014-07-20 10:58:28] |
| PTG - Posts: 57 |
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What I'd like to have is an indication of today's price movement (today's current high - today's current low) relative to yesterday's ATR (or ADR). From today's current low, draw a horizontal line at today's low + yesterday's range; from today's current high draw a horizontal line at today's high - yesterday's range. Sounds like that's the same as AKR is looking for.
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| [2014-07-20 15:35:25] |
| AKR - Posts: 523 |
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what I would like to have is today high - value of study ATR (which should be adjustable in how many days/periods or should have possibility to be set to same as chart period) = lower band (line) today low + ATR = upper band (line) two horizontal lines. |
| [2014-07-21 05:48:47] |
| AKR - Posts: 523 |
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I have a question to the ATR study. does this take the actual period into consideration? eg, on a daily chart is is the 10day ATR also calculating today? I have the feeling it does because now the ATR is higher on my chart than it was friday noon and today EUREX is not open yet. If so, I think this should be changed because this would make wrong assumptions at the beginning of a new day. But I might be wrong in thinking it does consider today. rgrds |
| [2014-07-21 06:03:01] |
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eg, on a daily chart is is the 10day ATR also calculating today? Yes. But you can use the Displacement setting on the Average True Range study Subgraph by setting it to 1. When you do this, the Average True Range for the last bar will be based upon the prior bars and not the current.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2014-07-21 09:59:05] |
| crazybears - Posts: 314 |
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Hi AKR regards post #12 try this set up while i try to code it. on daily chart put average true range , with Displacement set to 1 on chart you want use set : high/low for time period Study/Price Overlay study : study to overlay -> ATR of daily chart (fill blank with last value set to 1) Study Subgraphs difference : set input study 1 high ; input study 2 ATR of Study/Price Overlay study if you put on chart 1 region imho is better set scale as : same as region. repeat for low hope can be useful |
| [2014-07-22 05:03:51] |
| AKR - Posts: 523 |
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Thx crazybear, will give it a try and then give feedback if this worked out. |
| [2014-08-18 06:20:40] |
| AKR - Posts: 523 |
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Hi again, I was trying to set this up right now, but result does not really look like what I was looking for ... Rgrds |
| [2014-09-25 16:26:12] |
| Al SC Developer - Posts: 434 |
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in ver 1196, there will be a new study called Daily Range Band. To use the study, you will first set up a daily chart and apply a study like Average True Range or Average Daily Range. You may want to set the displacement of the range study to one depending on the behavior you want to see. Doing this will cause the stable range values to be used instead of the value for the current day which is still updating. Next set up an intraday chart for the symbol, and apply the new Daily Range Band study. The study has two inputs: Daily Band Range Subgraph - specifies the daily range study subgraph to use for building the bands. This should point to the subgraph of the study on the daily chart. Gap Adjust With Yesterdays Close - when enabled, the prior days close is used along with the current days high/low to adjust for any gaps. The output consists of two subgraphs that form the upper and lower bound of the predicted range using the current days high/low, the daily range specified, and potentially the prior days close: Upper Band: min(today's low, previous daily close) + daily range input Lower Band: max(today's high, previous daily close) - daily range input |
| [2015-04-28 13:01:58] |
| AKR - Posts: 523 |
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would it be possible to change the settings of the study, so I can choose how many days back the graphs will be shown. because I just need it on actual day, it has no value for past. it would also be great to have an option to choose if high/low of day are taken from chart the study is used in, or from the daily chart the ATR comes from. because like this I can use a RTH chart and draw the bands of the full session. An other thing that would be great is if I could enter a percentage by which the ATR would be multiplied. Eg if the rel volume is like 80% I might want the ATR range for the graphs to be only 80% of ATR-range. thx anyway!! Date Time Of Last Edit: 2015-04-28 14:13:46
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| [2015-06-10 14:21:10] |
| AKR - Posts: 523 |
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this means no?
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| [2015-06-11 12:26:59] |
| Al SC Developer - Posts: 434 |
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We will look at this.
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| [2015-06-13 15:26:36] |
| Al SC Developer - Posts: 434 |
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In the next version, the following options were added: * Number of Days To Display * Band Multiplier * Use High/Low From Daily Chart |
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