Price spike histogram bars showing multiple of ATR

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08/27/2022 at 4:24 AM #199698 quote

jwh145
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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

Master
```
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

Schermafbeelding-2022-08-27-om-10.21.26.png Schermafbeelding-2022-08-27-om-10.20.49.png
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

Master
```
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"
```
Schermafbeelding-2022-08-28-om-14.37.29.png Schermafbeelding-2022-08-28-om-14.37.08.png
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

Master
```
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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