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Daily ATR on an hourly chart

TimH · 2022-11-16T14:23:19+00:00

Hi, Is there a way I can get Average True Range to operate on a different period to the chart? I am coding a system that will run on an hourly chart but want the daily ATR for my position size calculations. Thanks, Tim.

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Daily ATR on an hourly chart

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11/16/2022 at 3:23 PM #204267 quote

TimH
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New

Hi,
Is there a way I can get Average True Range to operate on a different period to the chart?

I am coding a system that will run on an hourly chart but want the daily ATR for my position size calculations.

Thanks, Tim.

11/16/2022 at 4:17 PM #204269 quote

GraHal
Participant

Master

Does it work if you use …

Timeframe (Daily, updateonclose)

myATR = AverageTrueRange[14](close)

Timeframe (1 Hour, updateonclose)

If myATR > xx and C1 Then
Buy at Market
Endif

11/16/2022 at 4:24 PM #204270 quote

TimH
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New

Yes, I think that’s worked! Thank you so much.

GraHal thanked this post
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Daily ATR on an hourly chart

ProOrder: Automated Strategies & Backtesting

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TimH @timh Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by TimH
3 years, 10 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/16/2022
Status:	Active
Attachments:	No files

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Daily ATR on an hourly chart

Stuck on this ProBuilder code?

Daily ATR on an hourly chart ProOrder: Automated Strategies & Backtesting

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Daily ATR on an hourly chart

ProOrder: Automated Strategies & Backtesting