ATR Average True Range indicator expressed as a number?

January 18th, 2015, 03:22 PM

I'm looking for an ATR indicator that will display the average true range of whatever chart I've got open, expressing it as a number (not a line chart) on the price panel itself. I know Ninjatrader has its own ATR indicator, but it opens a new panel and displays ATR as a line chart - not at all what I want.

So for example, if I am looking at a 500 tick chart, I would like the ATR indicator to calculate the ATR of (however many look-back bars I tell it to) as a number right on the price chart; eg. "ATR = 35 ticks" or "ATR = 3.5 points". After the bar closes and a new bar starts printing, it automatically updates the ATR.

I'm sure this already exists somewhere, but I'm darned if I can find it! Pointing me in the right direction would be greatly appreciated. Thanks!

January 19th, 2015, 11:18 AM

Write/modify your own indicator.

Code

if(CurrentBar>Period)
{
    string text = string.Format("ATR({0}): {1}",Period,ATR(Period)[0]);
    DrawTextFixed("Nebraska", text ,  TextPosition.TopLeft);
}

January 19th, 2015, 11:28 AM

neoharmonics have developed specialized ATR Tool which is free. Look at this web page and scroll down to the bottom. There is a video in which they describe its behavior. Hope this helps.

Free Indicators - | neoHarmonics.com

January 22nd, 2015, 11:47 PM

Thanks CKTalon, but I have no idea how to create my own indicator.

Is there a resource out there that will point me in the right direction of copying & pasting your code into a working indi?

Thanks again!

January 26th, 2015, 01:39 PM

Here you go.

March 17th, 2015, 05:03 PM

Anyone know where I can find a copy of the neoHarmonics ATR tool mentioned above? The link seems to come up with a not found 404 error. A different type of "normalized" ATR would work also.

Thanks

January 31st, 2023, 02:52 AM

Hi,

I was wondering if you ever found an indicator that displays the ATR value on the chart? I have no need to see a line in a separate panel.

Thanks!!!

Ken

ATR Average True Range indicator expressed as a number?

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ATR Average True Range indicator expressed as a number?