Bar colour related to ATR

• 01/29/2021 at 4:02 PM #159845
  Prodsaaw

  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.

  

  Prodsaaw

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

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

  CLOSE will always be > ATR.

   

  

  robertogozzi

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

  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.

  

  Prodsaaw

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

  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

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  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.

   

   

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  Prodsaaw

  

  robertogozzi

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  01/29/2021 at 7:00 PM #159871
  Prodsaaw

  Fantastic, much appreciated,

  

  Prodsaaw

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

  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

  

  coenw

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

  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

  1 2 3 4 5 6 7 8 9 10

  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.

   

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  coenw

  

  robertogozzi

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  02/01/2021 at 9:43 AM #160020
  coenw

  Thanks a lot, works great!

  

  coenw

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

  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

  

  efahmy

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

  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.

   

  

  robertogozzi

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  08/10/2021 at 11:30 AM #175008
  efahmy

  It’s working now, thanks mate

  

  efahmy

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