ATR Pro

3 days ago

The indicator was created for traders who are taking ATR seriously in their trading strategy and at the same time want a tool which will omit paranormal movements when showing a true average range of the asset as well os providing details on how the price moves in terms of volatility.

The Table:

• ATR % Passed - Shows the current passed ATR as of average of last 10 days without taking into account biggest 2 and smallest 2 bars taking into account also the gap. The number after “/“ sign shows the true range in dollars.
  
• Curr. D1 vs ATR % - Shows the size of current D1 bar as % of ATR above.
  
• D1 Closure % - Shows % of closure of current D1 bar in relation to its own high or low. 100% means that the close price is the same of today’s high or low.
  
• Volume 7d % - Shows the volume done as % of 7-day average.
  
• 5m bar - shows the size of current 5m bars in dollars and in the parentheses shows the 5m ATR in the same logic as the one above.
  
• 1m bar - shows the size of current 1m bars in dollars and in the parentheses shows the 1m ATR in the same logic as the one above.
  

Lines on the Chart:

The lines show the price lines where a specific % of ATR will already be passed. The indicator has 4 selections as %: 30, 50, 80 and 100 %.

Settings:

• Table data position on the window
  
• Text size
  
• Text color
  
• Colors of the ATR lines based on percentages.
  
• Show/Hide the ATR lines individually
  
• Use the Close of the current daily bar as the basis for calculating the ATR
  
• Check this box when the market is closed – when doing homework.
  
• Uncheck this box when the market opens, so that the ATR lines are drawn correctly on the chart.
  
• Move the ATR line X bars to the right to keep it away from bars.
  

yesterday

Release Notes

Added possibility to show hide all ATR lines individually as well as optimized the code.