Average True Range (Custom)

541 1 44
Simple ATR indicator with the input that allows user to select the smoothing algorithm. Classical ATR uses rma smoothing.
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study(title="Average True Range (Custom)", shorttitle="ATR_C", overlay=false)
smooth = input(1, minval=1, maxval=3, title='Smoothing: 1-rma, 2-sma, 3-ema')
length = input(14, minval=1)
atr = smooth == 1 ? rma(tr, length) :
    smooth == 2 ? sma(tr, length) :
    smooth == 3 ? ema(tr, length) :
plot(atr, color=red)
Hi Vitvlkv
Would you mind adding another drop down box that enables two ATR lines to be drawn on the same graph?
Thanks in advance
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