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ADX and ATR indicator in panel 1
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Created: by perryg Attachments:5

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ADX and ATR indicator in panel 1

  #1 (permalink)
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ADX and ATR indicator in panel 1

I am looking for the convertional ADX and ATR indicators, but instead of them showing in a new panel below the main chart, I would like to see them in a small box on the main panel. i.e. a pure number for the ADX and a number for the ATR at the specific candle. THis will save a lot of screen space, and is very useful at a glance to see if ADX(5) for example, is above 25 for an entry, if this is your go no go criteria.


Last edited by Big Mike; February 19th, 2010 at 01:09 PM. Reason: moved to indicators
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  #3 (permalink)
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do you still look for this perry or did you find a solution yet ?

max-td
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No, Still have not found anything. I am sure that some of the talented programers on this forum could whip this up in no time.

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The "A" box

I just threw this together and you can modify as you please. Because I have no idea what defaults you would use I kept the ATR period at 14 and used 5, as you mentioned, for the ADX. The background will change color at your threshold setting for the ADX. Dan

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Box-Variations.....

also here you find some ideas+examples for boxes :

https://futures.io/programmers-paradise/1128-coding-beginners-text-value-boxes-your-chart.html

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Dan,

Thank you very much. This is exactly what I was looking for. I changed the code for the ATR to show 6 zeros, as it was not showing currencies like 6e, 6B, 6C etc. I also see that the calculation for the ATR is NOT exact, as it does not show the same number as when I use the ATR indicator in another panel. The numbers are slighly different. I looked at the code but could not find the reason. Could it be the difference of 1 candle bar I am not sure. Once again many thanks. Incidently I use ADX=5 and ATR = 21

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Dan,
I have found the problem of the ATR numbers. It was my stupid mistake. I use on one CLOSE=TRUE and on the other CLOSE=FALSE. So of course there is a difference. IT now works perfectly. How can I add into the box another line that shows 2ATR

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Do you mean a 2nd ATR?

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No. ATR times 2 = 2ATR . Just another line in the box that give the calculations of twice ATR. I usually take first profit target at 1ATR and 2nd proft target at 2ATR. So seeing both these numbers at once is a great help

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