ATR by candlestick type

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  • 03/03/2020 at 12:35 AM #121021 quote
    jayvee
    Participant
    Average

    Hi, was wondering if someone could help please. Is it possible to code the atr by candlestick type e.g. for the past 10 bars, only calculate the atr for green bars?

    03/03/2020 at 1:40 AM #121023 quote
    robertogozzi
    Moderator
    Master

    There you go:

    // Calculation of ATR
p       = 10
Bullish = close >  open
MyTR = max(Range,max(abs(high - close[1]),abs(low - close[1])))
IF BarIndex < p THEN
   IF Bullish THEN
      MyATR = MyTR
   ELSE
      MyATR = MyATR[1]
   ENDIF
ELSE
   IF Bullish THEN
      MyATR = ((MyATR[1] * (p - 1)) + MyTR) / p
   ELSE
      MyATR = MyATR[1]
   ENDIF
ENDIF
RETURN MyATR AS "Atr"
    jayvee and Paul thanked this post
    03/03/2020 at 11:45 AM #121050 quote
    jayvee
    Participant
    Average

    Thank you Roberto – you are great!

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ATR by candlestick type


ProOrder: Automated Strategies & Backtesting

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jayvee @jayvee Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by jayvee
5 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/03/2020
Status: Active
Attachments: No files
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