Bar colour related to ATR

Prodsaaw · 2021-01-29T15:02:05+00:00

I am looking for the code to change the colour of the bar to purple when the close is greater than the ATR * 1,5 . The colour change also applicable on bars of historic charts Any suggestions are appreciated.

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01/29/2021 at 4:02 PM #159845 quote

Prodsaaw
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New

I am looking for the code to change the colour of the bar to purple when the close is greater than the ATR * 1,5 . The colour change also applicable on bars of historic charts

Any suggestions are appreciated.

01/29/2021 at 4:52 PM #159852 quote

robertogozzi
Moderator

Legend

CLOSE is a price, ATR is a price range (difference in price).

CLOSE will always be > ATR.

01/29/2021 at 5:02 PM #159856 quote

Prodsaaw
Participant

New

Thanks a lot for your quick reply.

Actually what I should have written:

When (high – low) > (ATR * 1,5) colour of bar to change to purple.

Thanks.

01/29/2021 at 6:13 PM #159865 quote
robertogozzi
Moderator

Legend
There you go:
```
MyAtr = AverageTrueRange[14](close) * 1.5
IF Range > MyATR THEN
   DrawCandle(Open,High,Low,Close) coloured(180,82,205,255)
ENDIF
RETURN
```
add it to the price chart (not below).

Choose colours at http://cloford.com/resources/colours/500col.htm.

Prodsaaw thanked this post
01/29/2021 at 7:00 PM #159871 quote

Prodsaaw
Participant

New

Fantastic, much appreciated,

01/31/2021 at 5:31 PM #159998 quote

coenw
Participant

New

I realise now that due to the change of the colour of the bar, I am not able to see whether it is a bullish or a bearish bar.
Would it be possible to add a marker above the bar in the event of a bullish bar or a marker below the bar in the event of a bearish bar.

Thanks a lot in advance.

Coen

01/31/2021 at 7:24 PM #160002 quote
robertogozzi
Moderator

Legend
There you go:
```
MyAtr = AverageTrueRange[14](close) * 1.5
IF Range > MyATR THEN
   DrawCandle(Open,High,Low,Close) coloured(180,82,205,255)
   If close > open then
      DrawText(“*”,barindex,high + range)
   Else
      DrawText(“*”,barindex,low - range)
   Endif
ENDIF
RETURN
```
if bullish “*” will be plotted above the candle, below otherwise.

coenw thanked this post
02/01/2021 at 9:43 AM #160020 quote

coenw
Participant

New

Thanks a lot, works great!

08/10/2021 at 10:58 AM #175001 quote

efahmy
Participant

Average

Hi Rob,

Could you please check the below code, its similar to the above mentioned one but more detailed.

AGBAR1 = AverageTrueRange[14](close) * 0.75

AGBAR2 = AverageTrueRange[14](close) * 1

AGBAR3 = AverageTrueRange[14](close) * 1.5

IF Range > AGBAR1 AND close > open THEN

DrawCandle(Open,High,Low,Close) coloured(0,255,0,255)

IF Range > AGBAR2 AND close > open THEN

DrawCandle(Open,High,Low,Close) coloured(0,205,0,255)

IF Range > AGBAR3 AND close > open THEN

DrawCandle(Open,High,Low,Close) coloured(0,139,0,255)

ENDIF

ELSIF Range > AGBAR1 AND close < open THEN

DrawCandle(Open,High,Low,Close) coloured(255,193,193,255)

ELSIF Range > AGBAR2 AND close < open THEN

DrawCandle(Open,High,Low,Close) coloured(255,48,48,255)

ELSIF Range > AGBAR3 AND close < open THEN

DrawCandle(Open,High,Low,Close) coloured(139,26,26,255)

ELSE DrawCandle(Open,High,Low,Close) coloured(234,234,234,255)

ENDIF

RETURN

08/10/2021 at 11:18 AM #175004 quote
robertogozzi
Moderator

Legend
How can it work for you?

There are two errors:
- after ELSE there cannot be anything, so the DRAWCANDLE has to start on a new line
- the final ENDIF (just before RETURN) is missing.
08/10/2021 at 11:30 AM #175008 quote

efahmy
Participant

Average

It’s working now, thanks mate
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