Double ATR trend indicator

Sharing a trend indicator, based upon the ATR of the ATR: the double ATR trend indicator.

(not knowing if this indicator already exists)

The indicator is smoother then regular averages with the same period setting.

The double ATR trend indicator is calculated as follows:

DATR = Averagetruerange[Period](Averagetruerange[Period](Close))

For detecting the more general trend, the DATR is also calculated on a double period:

DATR2 = Averagetruerange[Period*2](Averagetruerange[Period*2](Close))

The default period setting is 15, the indicator should be added to the graph (like moving averages). For comparison a 15 bars moving average is added.

Possibly the double ATR trend indicator on a double period could be used as a moving stop loss

As with most trend indicators, this indicator works well in a trending market, but not so well in a non trending, zigzagging market.

// Default Period = 15
// To be added to the graph itself like a moving average
//double ATR
Period = 15
DATR = Averagetruerange[Period](Averagetruerange[Period](Close))

//double ATR with doubled period
DATR2 = Averagetruerange[Period*2](Averagetruerange[Period*2](Close))

if DATR < DATR[1] then
 r=255
 g=0
 b=0
else
 r=0
 g=176
 b=80
endif
if DATR2 < DATR2[1] then
 ar=255
 ag=0
 ab=0
else
 ar=0
 ag=176
 ab=80
endif

return  DATR coloured(r,g,b) style(Line, 5) as "DATR", DATR2 coloured(ar,ag,ab) style(Line, 5) as "DATR2"

// Default Period = 15

// To be added to the graph itself like a moving average

//double ATR

Period = 15

DATR = Averagetruerange[Period](Averagetruerange[Period](Close))

//double ATR with doubled period

DATR2 = Averagetruerange[Period*2](Averagetruerange[Period*2](Close))

if DATR < DATR[1] then

r=255

g=0

b=0

else

r=0

g=176

b=80

endif

if DATR2 < DATR2[1] then

ar=255

ag=0

ab=0

else

ar=0

ag=176

ab=80

endif

return DATR coloured(r,g,b) style(Line, 5) as "DATR", DATR2 coloured(ar,ag,ab) style(Line, 5) as "DATR2"

trend Trend Catcher Trend Filter trend trading

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Nicolas C'est dans ce sujet: https://www.prorealcode.com/topic/trendline-une-approche-du-trading/ M...

Pensera Bonjour Nicolas, comment est-il possible de backtester cet indicateur? cela fait une erreu...

Nicolas Oui bien sûr, il doit y avoir pas mal de sujets dans le forum à ce propos.

IV Mcm The use of this indicator is however logical, it gives you potential movement departures dep...

Nicolas The updated version (v2) is available to download and discuss in this forum thread: https://...

IV Mcm Thanks Nicolas

Nicolas Il doit s'agir d'un mauvais copier/coller. Je suggère de télécharger le fichier itf contenu ...

Bard Hello @Nicolas, I can get this to display in a separate indicator panel but not on Price as ...

Stenozar Hi @Nicolas, how can I put the bands on price? Thanks, Stefano

Guillaume Mcm I gave the above message fix ;)

Tradingrob Is it possible to put the itf-file in the right way here in Prorealcode? so the right 'trend...

Guillaume Mcm Update link ;) https://www.prorealcode.com/topic/trend-histogramme-cci-mise-a-jour-suite-...

Godo Bonjour Souhait Sam, Après de nombreux essais pour le mettre en format afin d'utiliser ce c...

Nicolas Il faut supprimer celles qui existent dans la fenêtre d'optimisation et les créer en dur dan...

crusoe76 hi there, anyone can help making this strategy work, i have a message saying replace variabl...

Screw27 Salut nicolas j'aimerais savoir tes résulats grace a cettte methode

eva.g.forsgren It dose not work, I get a strap instead of candels???????????????????????????????????????????

Nicolas That indicator is the one below the chart. The indicator to put on the price chart is this o...

pyhrus P.S : IG , que j'ai contacté ,m'indique que la version V11 , ne sera pas disponible avant un...

Hasardeur Dear Nicolas, is there someting at the arry to modify in order to run the trend at the actu...

MALIMALO Dear Nicolas, just try touse your indicator with backtest but it's not working. is anybody...

ribes65 Bonjour Nicolas, Merci pour votre travail. Est-il envisageable de créer un screener pour ...

Nicolas Bien sûr, merci de formuler une demande dans le forum des screeners pour prorealtime. En res...

ipbvba Est il possible de le transformer en indicateur (pour ne plus avoir les lignes mais uniqueme...

supertiti Bonjour Nicolas, Je ne comprend pas bien , le trend change de couleur quand les prix sont a...

Nicolas Oui ce serait possible, cependant l'indicateur est bien prévu pour conserver la couleur de l...

supertiti Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades cou...

Nicolas How to import file page: in the help section of the website explains howto

kenssa import through the indicator page/window in the Proreal time

chicoteca Buenas, no consigo que se me muestre en el chart de DAX. ¿Cómo procedo? Gracias.-

frenqle Hi There.. It seems the TSL stop loss is not working.. it does not respond is that correct?

Ciccarelli Franco Per lasciare che la strategia venga eseguita (dopo aver importato il file): Basta eliminare...

JADINVEST Hello Jan, hello everyone, Thanks Jan for this strategy! Since 2020, have any of you found a...

Stockastiss Can this code be simply transferred into Backtestingcode so one doesnt need to use call ? (i...

Vonasi Sorry for the late reply. Add the code to your strategy and remove line 5 and line 39. Chang...

viktorthunss Hi! How many averages are there? Can I see the somewhere?

leofi https://www.prorealcode.com/topic/simple-average-with-visual-color/

leofi Go visit www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post

Dritan Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate wind...

Nicolas Just add it on the price series.

yomisadiku Hello Nicolas, Can I use high and low price at lines hh=max(hh,close) and ll=min(ll,close) ...

Nicolas Yes you can do that, the impact will be that the trailing stop line will be much close to th...

Maxime Baudin Thanks!

Byggtrader Hi Nicolas! How do I get the indicator in the price chart? It only stays under i new chart.

Nicolas Just add it on the price chart by using the wrench on the left upper side of the chart (pric...

Dom Hello, hello....je commence le trading et découvre par la même occasion le codage....et ce n...

Nicolas Merci, ça fait plaisir !

Be-n Bonjour tout le monde ! Dans l'indicateur de tendance, j'ai du mal à saisir la nuance entre ...

Globalmarkets79 Thank you Vonasi for the answer. I have an other question. When i tried to run the indicator...

Vonasi Lines is either 0 or 1 to turn on or off the drawing of them. Once again if you download and...

Globalmarkets79 Thank you Vonasi, this indicator is very helpful!!!

Bateson Merci pour la réponse Nicolas. C'est bien ce que j'ai fait mais ça ne fonctionne toujours pa...

Enzo Paliotti Veramente ottimo, era quello che cercavo, si potrebbe modificare inserendo come variazione a...

Nicolas Perché no, chiedetelo con una descrizione dettagliata nel forum degli indicatori, per favore!

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