Code conversion needed: LEDGE ATR indicator

• 03/27/2018 at 5:32 PM #66574
  Nicolas

  Ok, let me think of the best way to do it as an automatic trading program. So you are taking contrarian “bouncing” orders on daily range ATR? right?

  

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  03/27/2018 at 5:44 PM #66575
  crolakstrading

  yes.. bouncing off from Daily ATR at open time as the indicator works well now!! if you see FTSE today is a beautiful one you have two opportunities to short!! automatic trading program is a great idea..

  if possible to make the Screener will allow to filter the markets.. let say 10pips near the ATR if we get a signal.. then can look for a Uturn from a smaller time frame if you don’t want to aggressively enter the market.. if that make sense!!

  

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  03/28/2018 at 8:49 AM #66613
  Nicolas

  crolakstrading wrote:

  automatic trading program is a great idea.. […] if possible to make the Screener

  Sorry but do you want a screener to scan the market for possible near entries (ProScreener) or an automatic trading system (ProOrder) that you’ll have to put on every single instrument?

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  Nicolas

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  03/28/2018 at 9:40 AM #66618
  crolakstrading

  I would say a ProScreener that give a us a possible entries (10pips before ATR maybe). so we can go through and pick,  would be great!

  Dont like the idea of putting all instruments risk all on (proOrder)!

  

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  03/29/2018 at 9:47 AM #66663
  Nicolas

  This screener will catch all instruments that are at least 80% from ATR down or up.

  // --- parameters ATRperiod = 14 // --- dTR = 0 once avg=close if barindex>254-ATRperiod then for i = 1 to ATRperiod dTR=dTR+max(abs(high[i]-low[i]),max(abs(high[i]-close[i+1]),abs(low[i]-close[i+1]))) next endif avg = dTR/ATRperiod htr = open+avg[1] ltr = open-avg[1] upratio = (close-ltr)/(htr-ltr) dnratio = (htr-dclose(0))/(htr-ltr) testup = upratio>=0.8 testdn = dnratio>=0.8 if testup then ratio=upratio elsif testdn then ratio=dnratio endif screener[testup or testdn] (ratio)

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  // --- parameters ATRperiod = 14 // ---   dTR = 0     once avg=close   if barindex>254-ATRperiod then for i = 1 to ATRperiod dTR=dTR+max(abs(high[i]-low[i]),max(abs(high[i]-close[i+1]),abs(low[i]-close[i+1]))) next endif   avg = dTR/ATRperiod   htr = open+avg[1] ltr = open-avg[1]   upratio = (close-ltr)/(htr-ltr) dnratio = (htr-dclose(0))/(htr-ltr)   testup = upratio>=0.8 testdn = dnratio>=0.8   if testup then ratio=upratio elsif testdn then ratio=dnratio endif   screener[testup or testdn] (ratio)

  use it on Daily timeframe only.

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  03/29/2018 at 9:56 AM #66666
  crolakstrading

  thanks very much. i will try this and update you!! Thank you

  

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