Daily ATR

• 09/22/2017 at 7:10 PM #47002
  pimento

  How to I code a DAILY ATR to use on intraday charts. I have tried thw following but it does not give me a single value for the day as I was expecting it would.

  tr1 = ABS(DHigh(1) – DLow(1))
  tr2 = ABS(DHigh(1) – DClose(2))
  tr3 = ABS(DLow(1) – DClose(2))

  TrueRange = wilderaverage[14](max(abs(Dhigh(i)-Dlow(i)),max(abs(Dhigh(i)-Dclose(i+1)),abs(Dlow(i)-Dclose(i+1)))))

  

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  09/22/2017 at 7:38 PM #47007
  pimento

  Sorry posted the wrong second half of the formula.

   

  tr1 = ABS(DHigh(1) – DLow(1))
  tr2 = ABS(DHigh(1) – DClose(2))
  tr3 = ABS(DLow(1) – DClose(2))

  TrueRange = wilderaverage[14](Max(MAX(tr1,tr2),MAX(tr2,tr3)))

  

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  09/22/2017 at 10:38 PM #47023
  Despair

  Check if you get the close that you think you do. Depending on which security you use this for the close might be in the middle of the night.

  

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  09/25/2017 at 10:18 AM #47218
  Nicolas

  I already coded something around the Daily ATR calculation on an intraday timeframe, this is an example: https://www.prorealcode.com/prorealtime-indicators/daily-atr-range-for-intraday-chart/

  

  Nicolas

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  09/25/2017 at 1:53 PM #47257
  pimento

  Thanks Nicolas and Despair.

  I am trying to put this into a Trading System, and cannot get it to work. The code returns a value for the current day, but I need a value for every day going back, and can’t see what to do.

  

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