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ATR ( Percentage based ) Plotted indicator help needed please....
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Created: by mdsvtr Attachments:1

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ATR ( Percentage based ) Plotted indicator help needed please....

  #1 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
Thanks: 853 given, 28 received

ATR ( Percentage based ) Plotted indicator help needed please....

I am looking for an Indicator that will plot the Percentages OF the actual ATR Indicator itself ( as shown in te attached screenshot )

Basically it will plot and show you various percentages OF the ATR ..... 25% , 50%, etc.
based on each individual traders settings and liking

I would like to have this Indicator / strategy developed, as I feel that it will help save some leg work in that we can use it as where to place " Likely " and reasonable profit Targets and even stops, using the ATR and a percentage based and calculated directly from it

Thank you to anyone who can share where this Indicator already is on TorS, or who wouldn't mind coding and developing it

Thanks much - Michael

Attached Thumbnails
ATR ( Percentage based ) Plotted indicator help needed please....-2015-04-09-atr-percentage-profit-target-nd-stop-loss-35-50-70-marks-.png  
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  #2 (permalink)
Elite Member
Trubchevsk
 
Futures Experience: Beginner
Platform: tos
Favorite Futures: stocks
 
Posts: 48 since May 2011
Thanks: 34 given, 64 received

 
Code
                            
input ATRLength 14;
input length 14;
input averageType AverageType.SIMPLE;
def ATR MovingAverage(averageTypeTrueRange(highcloselow), length);
input levelUp_1 70;
input levelUp_2 30;
input levelUp_3 10;
input levelDn_1 10;
input levelDn_2 30;
input levelDn_3 70;
 
rec levelUp1 = if IsNaN(close[-1]) then levelUp1[1] else ((levelUp_1 100) * ATR) + close;
plot l2up = if !isnan(closethen double.NaN else levelUp1;
rec levelUp2 = if IsNaN(close[-1]) then levelUp2[1] else ((levelUp_2 100) * ATR) + close;
plot l3up = if !isnan(closethen double.NaN else levelUp2;
rec levelUp3 = if IsNaN(close[-1]) then levelUp3[1] else ((levelUp_3 100) * ATR) + close;
plot l1up = if !isnan(closethen double.NaN else levelUp3;

rec levelDn1 = if IsNaN(close[-1]) then levelDn1[1] else close - ((levelDn_1 100) * ATR);
plot l2Dn = if !isnan(closethen double.NaN else levelDn1;
rec levelDn2 = if IsNaN(close[-1]) then levelDn2[1] else close - ((levelDn_2 100) * ATR);
plot l3Dn = if !isnan(closethen double.NaN else levelDn2;
rec levelDn3 = if IsNaN(close[-1]) then levelDn3[1] else close - ((levelDn_3 100) * ATR);
plot l1Dn = if !isnan(closethen double.NaN else levelDn3
It will plot 3 levels up and 3 levels down on expantion area of chart so you have to set at least 1 bar into expantion area setting (time and axis tab)

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  #3 (permalink)
Elite Member
Trubchevsk
 
Futures Experience: Beginner
Platform: tos
Favorite Futures: stocks
 
Posts: 48 since May 2011
Thanks: 34 given, 64 received


my mistake...
first line
input ATRLength = 14; is meaningless...delete it.

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