ATR bands indicator Upgrade

• 09/11/2023 at 9:13 AM #220676
  ChristosDG

  Hello everyone,

   

  I am currently using Nicolas’ Multiple ATR bands indicator (and I thank him very much on the way for this!):

  https://www.prorealcode.com/prorealtime-indicators/multiple-atr-bands/

   

  With it, I am using the Fibonacci to determine my gain / loss ratio (please see attachment).

  Although everytime, I have to move it manually around my candlestick of interest.

  Which, if not time-consuming per se , can make me lose focus and some precious seconds (I am a scalper on multiple stocks).

   

  Therefore, I would like to know if there was a possibility to adapt this indicator to fit my demand?

  Which is to have the band placed under / over each candlestick, with a 2 pips-distance, so as to stop placing the Fibonacci myself and have it immediately visible on the chart.

  I indeed only take a trade when the distance of the ATR (14) is respected.

  Or maybe if you knew if there is already such an indicator existing?

   

  In any case, thank you very much for you time!

   

   

  

  ChristosDG

  Participant

  Topics: 4

  Replies: 7

  Been thanked: 0 times
  09/11/2023 at 10:15 AM #220687
  Nicolas

  So there is no use of ATR anymore, right? You only need to set the 100 to 400% fibonacci retracement from the Close+2 points of the current candlestick?

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4742 times
  09/11/2023 at 10:55 AM #220707
  JC_Bywan

  Hi ChristosDG, after your reply to Nicolas when I know you have read this, as the topic is in English I will then move it from french forum “support probuilder” where initially posted to the english “probuilder support” forum.

  In case you were accessing only from french forum so far, you will then be able to reach this moved topic either from your profile page on the “topics” tab: https://www.prorealcode.com/user/christosdg/?view=forums-topics

  or in the english “probuilder support” forum, found in this list of forums grouped by language when scrolling down: https://www.prorealcode.com/forums/

   

  

  JC_Bywan

  Moderator

  Topics: 20

  Replies: 2547

  Been thanked: 838 times
  09/12/2023 at 7:36 AM #220822
  ChristosDG

  @Nicolas

  What I need is actually some kind of lines, which crossed by the candlestick (one way or the other), would mean that that candlestick crossed it starting from 2 pips away from its extremities – to the distance of an ATR of 14.

  Please see attachment to get a better idea.

  Thanks…

   

   

  @JC_Bywan

  Sorry for the confusion…

  

  ChristosDG

  Participant

  Topics: 4

  Replies: 7

  Been thanked: 0 times
  09/19/2023 at 12:18 PM #221271
  ChristosDG

  Please… anyone?

  

  ChristosDG

  Participant

  Topics: 4

  Replies: 7

  Been thanked: 0 times
  09/20/2023 at 11:49 AM #221326
  JC_Bywan

  Hello,

  if I understand correctly the construction of the 2 lines you want, here is the code to disply them:

  monATR=AverageTrueRange[14](close) lignesup=low-2*pipsize+monatr ligneinf=high+2*pipsize-monatr return lignesup coloured("blue"), ligneinf coloured("green")

  1 2 3 4 5 6

  monATR=AverageTrueRange[14](close)   lignesup=low-2*pipsize+monatr ligneinf=high+2*pipsize-monatr   return lignesup coloured("blue"), ligneinf coloured("green")

   

   

  1 user thanked author for this post.

  ChristosDG

  

  JC_Bywan

  Moderator

  Topics: 20

  Replies: 2547

  Been thanked: 838 times
  09/20/2023 at 2:20 PM #221336
  ChristosDG

  @JC_Bywan

  This is to be indeed EXACTLY what I have been looking for 🙂

  Thank you so much for this!

   

  I deleted the pip size distance and delayed the data from the previous candlestick

  A last minute tweak 🙂

  monATR=AverageTrueRange[14](close)

  lignesup=Low[1]+monatr
  ligneinf=High[1]-monatr

  return lignesup coloured(“yellow”), ligneinf coloured(“yellow”)

   

  Thanks again for your time 😉

  

  ChristosDG

  Participant

  Topics: 4

  Replies: 7

  Been thanked: 0 times
• Author
  Posts