CM ATR Stops/Bands - Multi-TimeFrame
CM_MTF ATR Bands/Stops
Many Options Available Via Input Tab:
-Chart Defaults to Upper and Lower ATR's Based on Current Chart TimeFrame
-Ability to Plot either Upper and/or Lower ATR's
-Ability to Change the Time Frame ATR's are Based On!
-Ability to change Look Back Period and ATR Multiplier Individually for Both Time Frames
-This Gives you the ability to plot same Time Frame with (for ex.) a 5 ATR with a 1.5 Mult and a 14 ATR with a 2.0 Mult etc.
-Or you can plot Daily ATR's on a 60 minute Chart etc.
-ATR Multipliers are Calculated with Code that allows "Non Whole Numbers" Allowing Ability to use 1.5 ATR's, 1.8 ATR's etc.
***Endless # of Combinations can be used!!!!
Many Options Available Via Input Tab:
-Chart Defaults to Upper and Lower ATR's Based on Current Chart TimeFrame
-Ability to Plot either Upper and/or Lower ATR's
-Ability to Change the Time Frame ATR's are Based On!
-Ability to change Look Back Period and ATR Multiplier Individually for Both Time Frames
-This Gives you the ability to plot same Time Frame with (for ex.) a 5 ATR with a 1.5 Mult and a 14 ATR with a 2.0 Mult etc.
-Or you can plot Daily ATR's on a 60 minute Chart etc.
-ATR Multipliers are Calculated with Code that allows "Non Whole Numbers" Allowing Ability to use 1.5 ATR's, 1.8 ATR's etc.
***Endless # of Combinations can be used!!!!
Coming Soon: www.ChrisMoodyTrading.com
//Created By ChrisMoody on 11-20-2014 study(title="CM_MTF_AverageTrueRange_Stops", shorttitle="CM_MTF_ATR_Stops", overlay=true) length = input(5, minval=1, title="# of Bars to Calculate ATR") mult = input(15, minval=1, maxval=40, title="Value X .1, 10=1 (No Multiplier), 15=1.5 times ATR Value") sav = input(true, title="Show ATR Stop Above Price") sbv = input(true, title="Show ATR Stop Below Price") useCurrentRes = input(true, title="Use Current Chart Resolution?") resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="D") //Optional 2nd ATR Bands Inputs def = input(false, title="Optional 2nd ATR Bands - Inputs Below?") length2 = input(5, minval=1, title="# of Bars to Calculate ATR - Optional 2nd Bands Plot") mult2 = input(30, minval=1, maxval=40, title="Value X .1, 10=1 (No Multiplier), 15=1.5 times ATR Value - Optional 2nd ATR Bands Plot") sav2 = input(false, title="Show ATR Stop Above Price - Optional 2nd ATR Bands Plot") sbv2 = input(false, title="Show ATR Stop Below Price - Optional 2nd ATR Bands Plot") useCurrentRes2 = input(true, title="Use Current Chart Resolution - Optional 2nd ATR Bands Plot?") resCustom2 = input(title="Use Different Timeframe - Optional 2nd Bands Plot? Uncheck Box Above", type=resolution, defval="D") res = useCurrentRes ? period : resCustom res2 = useCurrentRes2 ? period : resCustom2 //Multiplier Calculation Xmult = mult * .1 //Optional 2nd Bands Xmult2 = mult2 * .1 //ATR Calculation with Multiplier atrMult = sma(tr, length) * Xmult outATR = security(tickerid, res, atrMult) //Optional 2nd Bands atrMult2 = sma(tr, length2) * Xmult2 outATR2 = security(tickerid, res2, atrMult2) //Values Above and Below Bars aboveStop = high + outATR belowStop = low - outATR //Optional 2nd Bands aboveStop2 = high + outATR2 belowStop2 = low - outATR2 ///Values Plotting chosen Chart Resolution aboveFinal = security(tickerid, res, aboveStop) belowFinal = security(tickerid, res, belowStop) //Optional 2nd Bands aboveFinal2 = security(tickerid, res2, aboveStop2) belowFinal2 = security(tickerid, res2, belowStop2) //plot Statements p1=plot(sav and aboveFinal ? aboveFinal : na, title="1st ATR Band Upper Plot1", style=linebr, linewidth=3, color=red) p2=plot(sbv and belowFinal ? belowFinal : na, title="1st ATR Band Lower Plot1", style=linebr, linewidth=3, color=lime) plot(sav and aboveFinal ? aboveFinal : na, title="1st ATR Band Upper Plot2", style=circles, linewidth=3, color=red) plot(sbv and belowFinal ? belowFinal : na, title="1st ATR Band Lower Plot2", style=circles, linewidth=3, color=lime) //Optional 2nd Bands p3=plot(sav2 and aboveFinal2 ? aboveFinal2 : na, title="2nd ATR Band Upper Plot1", style=linebr, linewidth=4, color=red) p4=plot(sbv2 and belowFinal2 ? belowFinal2 : na, title="2nd ATR Band Lower Plot1", style=linebr, linewidth=4, color=lime) plot(sav2 and aboveFinal2 ? aboveFinal2 : na, title="2nd ATR Band Upper Plot2", style=circles, linewidth=4, color=red) plot(sbv2 and belowFinal2 ? belowFinal2 : na, title="2nd ATR Band Lower Plot2", style=circles, linewidth=4, color=lime) fill(p1, p3, color=red, transp=80) fill(p2, p4, color=lime, transp=80)