Price spike histogram bars showing multiple of ATR

Viewing 8 posts - 1 through 8 (of 8 total)
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    Posts
  • 08/27/2022 at 4:24 AM #199698 quote
    jwh145
    Participant
    New

    Hi,

    I am looking for an histogram indicator which provides bars when price moves by a multiple of its average true range over a certain number of days ie if the average true range is 5c and there is a current price range of 10c in the last 10 days then a spike bar will appear.

    Any assistance would be appreciated.

    Jonathan

    08/27/2022 at 9:28 AM #199701 quote
    JS
    Participant
    Senior
    ATR = AverageTrueRange[n](Close)

xSpike = (Range / ATR)

//If xSpike < 2 then
//xSpike = 0
//EndIf

Return xSpike style (Histogram) as "xSpike"
    Hi @jwh145

    I used the “Range” here divided by the “ATR”.

    You can have this drawn in a histogram and if you only want to have a ratio greater than, for example, two than:

    xSpike = Range / ATR

    If Range/ATR < 2 then

    xSpike = 0

    EndIf

    jwh145 and Nicolas thanked this post
    08/28/2022 at 11:39 AM #199732 quote
    jwh145
    Participant
    New
    Hi JS, Thanks for your help on this, much appreciated. Do you know if there is a way to color the bar say RED if it was lower close than open and Green if higher close than open? Cheers Jono
    08/28/2022 at 1:40 PM #199749 quote
    JS
    Participant
    Senior
    ONCE n = 10

ATR = AverageTrueRange[n](Close)

xSpike = (Range / ATR)

If xSpike < 2 then
xSpike = 0
EndIf

If Close < Open then
R=255
G=0
B=0
else
R=0
G=255
B=0
EndIf

Return xSpike Coloured (R,G,B) style (Histogram) as "xSpike"
    08/29/2022 at 11:25 AM #199784 quote
    jwh145
    Participant
    New
    Thanks JS!
    09/06/2022 at 9:34 AM #200227 quote
    jwh145
    Participant
    New
    Hi JS, Do you happen to have or could provide code that screens for tickers up or down a certain % over a lookback period, eg up 25% over last 20 days? I can’t seem to see any screeners like this in the library. Jono
    09/06/2022 at 3:58 PM #200247 quote
    JS
    Participant
    Senior
    xPeriod = 20 //20 days
xGain = 25 //25%
Signal = 0
If (Close - Close[xPeriod])/Close[xPeriod]*100 >= xGain then
Signal = 1
EndIf
SCREENER[Signal](Signal as "1 = LONG")
    Hi @jwh145 Try this one…
    09/07/2022 at 4:37 AM #200255 quote
    jwh145
    Participant
    New
    Thanks JS, works well 🙂
    JS thanked this post
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Price spike histogram bars showing multiple of ATR


ProBuilder: Indicators & Custom Tools

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jwh145 @jwh145 Participant
Summary

This topic contains 7 replies,
has 2 voices, and was last updated by jwh145
3 years, 5 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 08/27/2022
Status: Active
Attachments: 4 files
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