Average True Range Indicator

[larssa]

Hi,

I use the following code in Easylanguage.
But I would like to use the same indicator with esignal.

Is there anyone who could help out with the correct esignal code ?

The indicator should color the bars when AverageTrueRange is greater than the highest AverageTrueRange since x no. of bars.

Hopefully someone can give me a hand.

Thanks, Larssa


inputs: Length( 20 ), ATRLength( 14 ) ;
variables: var0( 0 ), var1( 0 ) ;

var0 = Lowest ( AvgTrueRange( ATRLength ), Length )[1] ;
var1 = Highest( AvgTrueRange( ATRLength ), Length )[1] ;

if AvgTrueRange( ATRLength ) > var1 and AvgTrueRange( ATRLength ) > 20 then

begin
PlotPaintBar(High,Low,Open,Close,"",DarkGreen,Dark Green,2);
end ;

[ACM]

Re: Average True Range Indicator

Larssa
You can easily create the same in eSignal using the atr() function and then passing that series to the highest() and lowest() functions.
For the description, syntax and some examples of the use of these functions see the links to the related articles in the EFS KnowledgeBase. Also see this thread for some additional examples of nested studies on studies using series functions
Alex

Originally posted by larssa
Hi,

I use the following code in Easylanguage.
But I would like to use the same indicator with esignal.

Is there anyone who could help out with the correct esignal code ?

The indicator should color the bars when AverageTrueRange is greater than the highest AverageTrueRange since x no. of bars.

Hopefully someone can give me a hand.

Thanks, Larssa


inputs: Length( 20 ), ATRLength( 14 ) ;
variables: var0( 0 ), var1( 0 ) ;

var0 = Lowest ( AvgTrueRange( ATRLength ), Length )[1] ;
var1 = Highest( AvgTrueRange( ATRLength ), Length )[1] ;

if AvgTrueRange( ATRLength ) > var1 and AvgTrueRange( ATRLength ) > 20 then

begin
PlotPaintBar(High,Low,Open,Close,"",DarkGreen,Dark Green,2);
end ;

[larssa]

Hello,

thank you for the reply, I've tried to use the code in your link but it feels that it's to much coding for me...
I wrote the MultiCharts code myself and thought it would be easy to translate it, (just a few lines) but I understand now it's a lot of work.

Thanks anyway.

[ACM]

Larssa
I fail to see how this would be any more difficult or more work than what you wrote



FWIW the above snippet is the equivalent efs code [in its most basic form] of your conditional statement.
Perhaps you may want to spend some more time reviewing the articles and thread I linked in my prior reply
Alex

Hello,

thank you for the reply, I've tried to use the code in your link but it feels that it's to much coding for me...
I wrote the MultiCharts code myself and thought it would be easy to translate it, (just a few lines) but I understand now it's a lot of work.

Thanks anyway.

[larssa]

Larssa
I fail to see how this would be any more difficult or more work than what you wrote



FWIW the above snippet is the equivalent efs code [in its most basic form] of your conditional statement.
Perhaps you may want to spend some more time reviewing the articles and thread I linked in my prior reply
Alex

Thank you so much!!!!

[ACM]

Larssa
You are welcome
Alex

Thank you so much!!!!