Dynamic ATR(5) envelope

OorWullie · 2017-06-14T16:57:58+00:00

Hi, I am new to developing indicators in ProRealTime and was wondering if you could help please. Simply put, I would like to create an indicator that allows for me to enter a value (which will be ATR(5)) and what I want is an upper and lower line draw on price based on that value I entered. Essentially it will draw a channel, bollinger type band, but be specific to the value that enter. As the price moves, the upper and lower values move as well, which provides this channel. Thanks in advance and appreciate all the help provided.

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06/14/2017 at 5:57 PM #38308 quote

OorWullie
Participant

New

Hi,

I am new to developing indicators in ProRealTime and was wondering if you could help please.

Simply put, I would like to create an indicator that allows for me to enter a value (which will be ATR(5)) and what I want is an upper and lower line draw on price based on that value I entered. Essentially it will draw a channel, bollinger type band, but be specific to the value that enter. As the price moves, the upper and lower values move as well, which provides this channel.

Thanks in advance and appreciate all the help provided.

06/14/2017 at 6:37 PM #38313 quote

Nicolas
Keymaster

Legend

I found these 2 indicators into the library:

https://www.prorealcode.com/prorealtime-indicators/fibonacci-bands-atr/

https://www.prorealcode.com/prorealtime-indicators/multiple-atr-bands/

Do they match your need?

06/21/2017 at 7:31 PM #38769 quote

OorWullie
Participant

New

Hi Nicolas,

Thanks very much for pointing these out. I shall give them a go later on tonight or tomorrow.

Been on holiday, so apologies for late reply.

Thanks.

06/23/2017 at 1:48 PM #38907 quote

OorWullie
Participant

New

The Fib bands works a treat. Thanks!

Nicolas thanked this post
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