please help Uncover markets that have travelled too far intraday ple

• 05/29/2023 at 4:11 PM #215353
  yas

  I am trying to code this indicator give you the heads up when a market has moved its maximum for the Day, Week or even Month. with use of ATR on the chart

  i am little stuck trying to code this if you guys can assist me to complet this code that will be great its simple idea to see atr on the chart where market has traveled too far for the day and possible reversal from that area

  defparam drawonlastbaronly=true //inputs dayMax = 1.5//Maximum Daily ATR Multiple WeekMax = 3 //Maximum weekly atr multiple monthMax = 6 //maximum monthly atr multip0le //atrMultiplier=2 //timeframe(daily,updateonclose) atr=AverageTrueRange[14]//(close)[1] dayATR = atr*dayMax WeekATR = atr*weekMax MonthATR = atr*monthMax dayHigh = HighestSince(1,high) weekhigh = HighestSince(Weekday() = 1, High) //monthhigh = monthatr monthHigh = highestSince(Month()<> month[1],High) DayMaxReached = dayHigh >=(Close+dayATR) weeklyMaxReached =weekhigh>=(Close+WeekATR) monthMaxReached = monthHigh >=(Close+monthATR) //Plotting if daymaxReached then plot1(dayHigh,"Day Max Reched",Green) Endif //Plotting if weeklyMaxReached then plot2(weekHigh,"week Max Reched",blue) Endif //Plotting if monthMaxReached then plot3(MonthHigh,"Month Max Reched",red) Endif //timeframe(default) //range=abs(dhigh-dlow) upperlvl = floor(dlow(0)+atr,decimals) lowerlvl = floor(dhigh(0)-atr,decimals) drawsegment(barindex,upperlvl,barindex+10,upperlvl) style(dottedline) drawsegment(barindex,lowerlvl,barindex+10,lowerlvl) style(dottedline) drawtext("#upperlvl#",barindex+20,upperlvl) drawtext("#lowerlvl#",barindex+20,lowerlvl) DRAWHLINE(upperlvl)coloured("white") DRAWHLINE(lowerlvl)coloured("white") return

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

  defparam drawonlastbaronly=true //inputs dayMax = 1.5//Maximum Daily ATR Multiple WeekMax = 3 //Maximum weekly atr multiple monthMax = 6 //maximum monthly atr multip0le //atrMultiplier=2   //timeframe(daily,updateonclose) atr=AverageTrueRange[14]//(close)[1] dayATR = atr*dayMax WeekATR = atr*weekMax MonthATR = atr*monthMax   dayHigh = HighestSince(1,high) weekhigh = HighestSince(Weekday() = 1, High) //monthhigh = monthatr monthHigh = highestSince(Month()<> month[1],High)   DayMaxReached = dayHigh >=(Close+dayATR) weeklyMaxReached =weekhigh>=(Close+WeekATR) monthMaxReached = monthHigh >=(Close+monthATR)   //Plotting if daymaxReached then plot1(dayHigh,"Day Max Reched",Green) Endif   //Plotting if weeklyMaxReached then plot2(weekHigh,"week Max Reched",blue) Endif   //Plotting if monthMaxReached then plot3(MonthHigh,"Month Max Reched",red) Endif   //timeframe(default) //range=abs(dhigh-dlow) upperlvl = floor(dlow(0)+atr,decimals) lowerlvl = floor(dhigh(0)-atr,decimals) drawsegment(barindex,upperlvl,barindex+10,upperlvl) style(dottedline) drawsegment(barindex,lowerlvl,barindex+10,lowerlvl) style(dottedline) drawtext("#upperlvl#",barindex+20,upperlvl) drawtext("#lowerlvl#",barindex+20,lowerlvl) DRAWHLINE(upperlvl)coloured("white") DRAWHLINE(lowerlvl)coloured("white") return

   

  

  yas

  Participant

  Topics: 8

  Replies: 19

  Been thanked: 0 times
  05/30/2023 at 7:17 AM #215381
  yas

  Can someone help 🙏 please

  

  yas

  Participant

  Topics: 8

  Replies: 19

  Been thanked: 0 times
  05/30/2023 at 10:17 AM #215388
  Nicolas

  Ok, following your other request for an indicator that plots the daily ATR on an intraday chart, I understand that you want to alert by a text on the chart when the price has reached the previous daily ATR (anchored on the current daily low), or the previous weekly ATR (anchored on the current weekly low) or the previous monthly (anchored on the current monthly low).

  I see that you have mixed different programming language in your approach, so I recode the it from my own understanding explained above.

  defparam drawonlastbaronly=true //inputs dayMax = 1.5//Maximum Daily ATR Multiple WeekMax = 3 //Maximum weekly atr multiple monthMax = 6 //maximum monthly atr multip0le //atrMultiplier=2 timeframe(weekly,updateonclose) WeekATR = AverageTrueRange[14]*weekMax timeframe(weekly) wlow=low whigh=high timeframe(daily,updateonclose) dayATR = AverageTrueRange[14]*dayMax timeframe(monthly,updateonclose) MonthATR = AverageTrueRange[14]*monthMax timeframe(monthly) mlow=low mhigh=high timeframe(default) DayMaxReached = dhigh(0) >=(dlow(0)+dayATR) weeklyMaxReached = whigh>=(wlow+WeekATR) monthMaxReached = mhigh >=(mlow+monthATR) //Plotting if daymaxReached then drawtext("Day Max Reached", 0 ,-50) anchor(top) coloured("green") else drawtext("Day Max NOT Reached", 0 ,-50) anchor(top) coloured("green") Endif ////Plotting if weeklyMaxReached then drawtext("Week Max Reached", 0 ,-70) anchor(top) coloured("blue") else drawtext("Week Max NOT Reached", 0 ,-70) anchor(top) coloured("blue") Endif ////Plotting if monthMaxReached then drawtext("Month Max Reached", 0 ,-90) anchor(top) coloured("red") else drawtext("Month Max NOT Reached", 0 ,-90) anchor(top) coloured("red") Endif return

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51

  defparam drawonlastbaronly=true //inputs dayMax = 1.5//Maximum Daily ATR Multiple WeekMax = 3 //Maximum weekly atr multiple monthMax = 6 //maximum monthly atr multip0le //atrMultiplier=2   timeframe(weekly,updateonclose) WeekATR = AverageTrueRange[14]*weekMax   timeframe(weekly) wlow=low whigh=high   timeframe(daily,updateonclose) dayATR = AverageTrueRange[14]*dayMax   timeframe(monthly,updateonclose) MonthATR = AverageTrueRange[14]*monthMax   timeframe(monthly) mlow=low mhigh=high   timeframe(default) DayMaxReached = dhigh(0) >=(dlow(0)+dayATR) weeklyMaxReached = whigh>=(wlow+WeekATR) monthMaxReached = mhigh >=(mlow+monthATR)   //Plotting if daymaxReached then drawtext("Day Max Reached", 0 ,-50) anchor(top) coloured("green") else drawtext("Day Max NOT Reached", 0 ,-50) anchor(top) coloured("green") Endif   ////Plotting if weeklyMaxReached then drawtext("Week Max Reached", 0 ,-70) anchor(top) coloured("blue") else drawtext("Week Max NOT Reached", 0 ,-70) anchor(top) coloured("blue") Endif   ////Plotting if monthMaxReached then drawtext("Month Max Reached", 0 ,-90) anchor(top) coloured("red") else drawtext("Month Max NOT Reached", 0 ,-90) anchor(top) coloured("red") Endif   return

   

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4742 times
• Author
  Posts