14 period ATR Envelope on Price

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10/26/2022 at 2:18 AM #203071 quote

Mary
Participant

Average

Hello,

How would you create an indicator on Price Chart where you want an Envelope to surround your price candles that reflect ATR( 14 period) vertical shift of ATR 10% Envelope + (10% shift) and Envelope- (10% shift)?

I want to plot the ATR Indicator you see below in picture onto Price Chart as an Envelope that shows calculated value of ATR 10% up and ATR 10% down.

In the picture below, the Average True Range is represented (14 period) is represented by dark blue line, Envelop+ is 10% is orange line and Envelope – 10 % is green line.

Thank you in advance.

10/26/2022 at 8:12 AM #203074 quote
JS
Participant

Senior
Hi @Mary

Try this:
```
ATRUp = Close + AverageTrueRange[14](close) * 1.1
ATRDown = Close - AverageTrueRange[14](Close) * 1.1

Return ATRUP as "AtrUp" Coloured(255,0,0) , ATRDown as "ATRDown" Coloured(0,255,0)
```
10/26/2022 at 9:04 PM #203107 quote

Mary
Participant

Average

Thank you so much! It works!

JS thanked this post

10/27/2022 at 8:14 AM #203112 quote

Zigo
Participant

Master

Envelope-ATR exist already in the library.

Envelope-ATR
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14 period ATR Envelope on Price

ProBuilder: Indicators & Custom Tools

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Mary @mila Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by Zigo
3 years, 3 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	10/26/2022
Status:	Active
Attachments:	2 files

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