Average True Range Data 2

Waterstreet · April 6th, 2013, 03:28 PM

i am trying to create the indicator for the ATR of data2 here is the code:

Code

inputs: ATRLength(14);
variables: TrueHigh2(0), TrueLow2(0),TrueRange2(0);

if Close[1]of data2 > High of data2 then
	TrueHigh2 = Close[1] of data2
else
	TrueHigh2 = High of data2  ;
	
if Close[1] of data2  < Low of data2  then 
	TrueLow2 = Close[1] of data2  
else
	TrueLow2 = Low of data2  ;
	  
TrueRange2 = TrueHigh2 - TrueLow2 ;

ATR = Average( TrueRange2, ATRLength );

but it seems to produce different results then running the ATR directly on daily bars... can anyone see anything wrong with the code?

Waterstreet · April 6th, 2013, 03:40 PM

i see what its doing... if you apply it to a daily chart it works fine.. its because im trying to get the daily ATR using data2 that im having the problems cause of when its trying to update the indicator.

bobb · August 26th, 2013, 06:29 AM

@Waterstreet

found this in TS Forum and it works fine for me, but it's not writen for data 2 so you must adapt it.
Shows 3 different Ranges

1. previous days lookback periode
2. previous days range
3. todays range intraday ...this what you are looking for

Hope it helps

manev31 · December 9th, 2014, 07:33 AM

Hi, I was wondering if someone could help me with adding ATR data2 in this strategy:

Code

inputs: Price(      Close), FastLength(      50), SlowLength(    55), BuyLevel (25), ATRLength (14) ;
variables: FastAvg( 0 ), SlowAvg( 0 ), ATR( 0 ) ;

FastAvg = AverageFC( Price, FastLength ) ;
SlowAvg = AverageFC( Price, SlowLength ) ;


if CurrentBar > 1 and FastAvg crosses over SlowAvg and AvgTrueRange(data2, ATRLength ) < BuyLevel  then
{ CB > 1 check used to avoid spurious cross confirmation at CB = 1 }
	Buy ( "MA2CrossLE" ) next bar at market ;

I have tired something but it doesn't work.

Any help is appreciated

Thanks

happymichael21 · February 18th, 2017, 01:15 PM

Waterstreet and Manev,

I created an ATR of data2 by doing this:

1) First I created a new Function called ATR_D2:

Two relevant lines are in it. The key part of the new function is calling TrueRange of data2.

inputs: Length( numericsimple ) ;

ATR_D2 = Average( TrueRange of data2, Length ) ;

2) Then from wherever you want to call the new ATR_D2 (from a strategy or function or indicator):

Inside the strategy I named a variable for the ATR for data2 and called it 'ATR_d2'.

ATR_d2 = ATR_D2 (Atr_length); // of data2

Hopefully that will work for you.

Wishing you good luck.

Average True Range Data 2

futures io is celebrating 10-years w/ over $18,000 in prizes!

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

The Spirituality of Trading w/Dr Brett Steenbarger

> Futures Trading Strategies, Indicators, Charts and Platforms > Platforms and Indicators > TradeStation

Average True Range Data 2

Average True Range Data 2

futures io is celebrating 10-years w/ over $18,000 in prizes!

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

The Spirituality of Trading w/Dr Brett Steenbarger