ATR Timeframe on different timeframes

• 08/31/2021 at 8:38 AM #176511
  robert123

  Hi Nicholas and all.

  I have written a code snippet for retrieving the 7hr ATR on a 1 min TF, the same program is used throughout my trading and hence used on different TF’s, however now that the ATR snippet has been added it fails to work on the daily TF …for obvious reasons..

  My question is…with the use of a variable, do you think it would be possible to have the snippet turned off by default?

  I hope that makes sense, I have attached the snippet.

  TIA

  RR

  defparam drawonlastbaronly=true defparam calculateonlastbars=6000 if time=93000 then US=open endif atrmid=us if close>atrmid then H4ext=atrmid+(aatr*2) DRAWtext("---------------H4ext",barindex[0],H4ext,dialog,bold,13)coloured (0,255,255) H3ext=atrmid+(aatr*1.5) DRAWtext("---------------H3ext",barindex[0],H3ext,dialog,bold,13)coloured (0,255,255) H2ext=atrmid+(aatr) DRAWtext("---------------H2ext",barindex[0],H2ext,dialog,bold,13)coloured (0,255,255) Hfull=atrmid+(aatr/2) DRAWtext("---------------Hfull",barindex[0],Hfull,dialog,bold,13)coloured (0,255,255) endif Hhalf=atrmid+(aatr/4) DRAWtext("---------------Hhalf",barindex[0],Hhalf,dialog,bold,13)coloured (0,255,255) atrmid=atrmid DRAWtext("---------------atrMID",barindex[0],atrmid,dialog,bold,13)coloured (0,255,255) Lhalf=atrmid[0]-(aatr/4) DRAWtext("---------------L",barindex[0],Lhalf,dialog,bold,13)coloured (0,255,255) if close<atrmid then L1=atrmid-(aatr/2) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) Lfull=atrmid-(aatr) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) L2ext=atrmid[0]-(aatr*1.5) DRAWtext("---------------Lfull",barindex[0],Lfull,dialog,bold,13)coloured (0,255,255) endif timeframe(7 hours,default) aatr=AverageTrueRange[14](close) return close

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  defparam drawonlastbaronly=true defparam calculateonlastbars=6000   if time=93000 then   US=open   endif             atrmid=us if close>atrmid then     H4ext=atrmid+(aatr*2) DRAWtext("---------------H4ext",barindex[0],H4ext,dialog,bold,13)coloured (0,255,255)   H3ext=atrmid+(aatr*1.5) DRAWtext("---------------H3ext",barindex[0],H3ext,dialog,bold,13)coloured (0,255,255)   H2ext=atrmid+(aatr) DRAWtext("---------------H2ext",barindex[0],H2ext,dialog,bold,13)coloured (0,255,255)   Hfull=atrmid+(aatr/2) DRAWtext("---------------Hfull",barindex[0],Hfull,dialog,bold,13)coloured (0,255,255) endif Hhalf=atrmid+(aatr/4) DRAWtext("---------------Hhalf",barindex[0],Hhalf,dialog,bold,13)coloured (0,255,255)     atrmid=atrmid DRAWtext("---------------atrMID",barindex[0],atrmid,dialog,bold,13)coloured (0,255,255)     Lhalf=atrmid[0]-(aatr/4) DRAWtext("---------------L",barindex[0],Lhalf,dialog,bold,13)coloured (0,255,255) if close<atrmid then L1=atrmid-(aatr/2) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255)   Lfull=atrmid-(aatr) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255)     L2ext=atrmid[0]-(aatr*1.5) DRAWtext("---------------Lfull",barindex[0],Lfull,dialog,bold,13)coloured (0,255,255) endif timeframe(7 hours,default) aatr=AverageTrueRange[14](close)   return close

   

  

  robert123

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  08/31/2021 at 8:42 AM #176512
  robert123

  Here is a picture….

  

  robert123

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  08/31/2021 at 9:26 AM #176518
  robertogozzi

  I added the boolean variable DISABLED which can be ticked/unticked:

  defparam drawonlastbaronly=true defparam calculateonlastbars=6000 timeframe(7 hours,default) aatr=AverageTrueRange[14](close) timeframe(default) //ONCE Disabled = 0 IF Disabled = 0 THEN if time=93000 then US=open endif atrmid=us if close>atrmid then H4ext=atrmid+(aatr*2) DRAWtext("---------------H4ext",barindex[0],H4ext,dialog,bold,13)coloured (0,255,255) H3ext=atrmid+(aatr*1.5) DRAWtext("---------------H3ext",barindex[0],H3ext,dialog,bold,13)coloured (0,255,255) H2ext=atrmid+(aatr) DRAWtext("---------------H2ext",barindex[0],H2ext,dialog,bold,13)coloured (0,255,255) Hfull=atrmid+(aatr/2) DRAWtext("---------------Hfull",barindex[0],Hfull,dialog,bold,13)coloured (0,255,255) endif Hhalf=atrmid+(aatr/4) DRAWtext("---------------Hhalf",barindex[0],Hhalf,dialog,bold,13)coloured (0,255,255) atrmid=atrmid DRAWtext("---------------atrMID",barindex[0],atrmid,dialog,bold,13)coloured (0,255,255) Lhalf=atrmid[0]-(aatr/4) DRAWtext("---------------L",barindex[0],Lhalf,dialog,bold,13)coloured (0,255,255) if close<atrmid then L1=atrmid-(aatr/2) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) Lfull=atrmid-(aatr) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) L2ext=atrmid[0]-(aatr*1.5) DRAWtext("---------------Lfull",barindex[0],Lfull,dialog,bold,13)coloured (0,255,255) endif endif return close

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  defparam drawonlastbaronly=true defparam calculateonlastbars=6000 timeframe(7 hours,default) aatr=AverageTrueRange[14](close) timeframe(default) //ONCE Disabled = 0 IF Disabled = 0 THEN if time=93000 then US=open endif atrmid=us if close>atrmid then H4ext=atrmid+(aatr*2) DRAWtext("---------------H4ext",barindex[0],H4ext,dialog,bold,13)coloured (0,255,255) H3ext=atrmid+(aatr*1.5) DRAWtext("---------------H3ext",barindex[0],H3ext,dialog,bold,13)coloured (0,255,255) H2ext=atrmid+(aatr) DRAWtext("---------------H2ext",barindex[0],H2ext,dialog,bold,13)coloured (0,255,255) Hfull=atrmid+(aatr/2) DRAWtext("---------------Hfull",barindex[0],Hfull,dialog,bold,13)coloured (0,255,255) endif Hhalf=atrmid+(aatr/4) DRAWtext("---------------Hhalf",barindex[0],Hhalf,dialog,bold,13)coloured (0,255,255) atrmid=atrmid DRAWtext("---------------atrMID",barindex[0],atrmid,dialog,bold,13)coloured (0,255,255) Lhalf=atrmid[0]-(aatr/4) DRAWtext("---------------L",barindex[0],Lhalf,dialog,bold,13)coloured (0,255,255) if close<atrmid then L1=atrmid-(aatr/2) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) Lfull=atrmid-(aatr) DRAWtext("--------------L1",barindex[0],L1,dialog,bold,13)coloured (0,255,255) L2ext=atrmid[0]-(aatr*1.5) DRAWtext("---------------Lfull",barindex[0],Lfull,dialog,bold,13)coloured (0,255,255) endif endif return close

  

  robertogozzi

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  08/31/2021 at 10:37 AM #176526
  robert123

  Thanks Roberto, this still fails to load on a daily TF (when the code is disabled) …comes up with a ‘multiples’ warning)

  RR

  

  robert123

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  08/31/2021 at 11:18 AM #176527
  robertogozzi

  Yes, the TF on your chart MUST be equal or lower that the LOWEST one used in your indicator. In you case you cannot use any TF greater than 7 hours.
  Even lower TFs must be such that 7 hours is a multiple of them. 1-min, 5-min, 6-min, 1h are fine, but NOT 9-min, NOT 2h because 7hours (420 minutes) is not a multiple of them.

  

  robertogozzi

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  08/31/2021 at 11:50 AM #176533
  robert123

  Thanks for your help Roberto, I take it that having this snippet transfer between a 1min chart and a daily is a none starter.

  RR

  

  robert123

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