Set timeframe (not length) for AverageTrueRange indicator

leendertcloete · 2017-12-22T09:40:32+00:00

Hi, I was wondering if there’s a way to set the timeframe (not length) of the AverageTrueRange indicator (see https://www.prorealcode.com/documentation/averagetruerange/). For instance, let’s say I am currently looking at a Daily chart. I would like to set my stop-loss to AverageTrueRange(Weekly)[14](close). Is this possible, and if so, how would I go about implementing it?

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
12/22/2017 at 10:40 AM #56352 quote

leendertcloete
Participant

New

Hi,

I was wondering if there’s a way to set the timeframe (not length) of the AverageTrueRange indicator (see https://www.prorealcode.com/documentation/averagetruerange/).

For instance, let’s say I am currently looking at a Daily chart. I would like to set my stop-loss to AverageTrueRange(Weekly)[14](close).

Is this possible, and if so, how would I go about implementing it?

12/22/2017 at 12:53 PM #56363 quote
robertogozzi
Moderator

Legend
It’s not possible at present, it will be when the Multi Time Frame (MTF) feature will be available around (?) mid 2018.

You can try to work it out our by multiplying the daily ATR periods by 7 (since there are 7 days in a week)
```
 AverageTrueRange[98](close)
```
but it will not return the same output as the weekly one!

Roberto

leendertcloete thanked this post
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

Set timeframe (not length) for AverageTrueRange indicator

ProBuilder: Indicators & Custom Tools

New Reply

Author

leendertcloete @leendertcloete Participant

Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
8 years, 9 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	12/22/2017
Status:	Active
Attachments:	No files