Painting bars by ATR and VOLUME

efahmy · 2024-04-06T23:14:39+00:00

I need a code for the indicator, using the following functions and variables: ATR: The Average True Range function calculates the true range of the price over a specified period. Volume: The Volume function returns the total volume traded over a specified period. Average Volume: You’ll need to calculate the average volume over a certain period, such as 14 days. Price: The current price of the security. Conditions: Create logical conditions based on your requirements. Color: Set the color of the bar based on the conditions met. The logic for the conditions would be as follows: if ATR > 2 * ATR[14] and Volume > AverageVolume and Price > Price[1]: Color = “DarkGreen” elif ATR > 2 * ATR[14] and Volume > AverageVolume and Price < Price[1]: Color = “DarkRed” else: Color = “DefaultColor”

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04/07/2024 at 12:14 AM #231172 quote

efahmy
Participant

Average

I need a code for the indicator, using the following functions and variables: ATR: The Average True Range function calculates the true range of the price over a specified period. Volume: The Volume function returns the total volume traded over a specified period. Average Volume: You’ll need to calculate the average volume over a certain period, such as 14 days. Price: The current price of the security. Conditions: Create logical conditions based on your requirements. Color: Set the color of the bar based on the conditions met. The logic for the conditions would be as follows: if ATR > 2 * ATR[14] and Volume > AverageVolume and Price > Price[1]: Color = “DarkGreen” elif ATR > 2 * ATR[14] and Volume > AverageVolume and Price < Price[1]: Color = “DarkRed” else: Color = “DefaultColor”

04/07/2024 at 2:28 AM #231173 quote
JS
Participant

Master
Hi, Try this one:
```
//ATRPeriod=5
//AvgATRPeriod=14
//AvgVolPeriod=14

xATR=AverageTrueRange[ATRPeriod](Close)
xAvgATR=Average[AvgATRPeriod](xATR)
xAvgVol=Average[AvgVolPeriod](Volume)
xVol=Volume
xPrice=Close

C1=xATR>2*xAvgATR
C2=xVol>xAvgVol
C3=xPrice>xPrice[1]
C4=xPrice<xPrice[1]

If C1 and C2 and C3 then
DrawCandle(Open,High,Low,Close)Coloured("DarkGreen")
ElsIf C1 and C2 and C4 then
DrawCandle(Open,High,Low,Close)Coloured("DarkRed")
Else
DrawCandle(Open,High,Low,Close)Coloured("DarkBlue")
EndIf

Return //xATR as "ATR",xAvgAtr as "AvgATR",xAvgVol as "AvgVol",xVol as "Volume",xPrice as "Price"
```
Schermafbeelding-2024-04-07-om-03.24.33.png Painting-Bars-with-ATRVol.itf
04/07/2024 at 2:44 AM #231176 quote

efahmy
Participant

Average

Many thanks mate, but can I change the other bars to light gray instead of dark blue using “lightgray”

04/07/2024 at 8:51 AM #231178 quote

JS
Participant

Master

If the “other bars” need to be light grey, you can replace “DarkBlue” with “LightGrey”… (or just “Grey” as shown in the screenshot)

DrawCandle(Open,High,Low,Close)Coloured(“LightGrey”)

Schermafbeelding-2024-04-07-om-09.48.31.png

04/08/2024 at 1:56 AM #231195 quote

efahmy
Participant

Average

Many thanks mate,
JS thanked this post
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