Painting bars by ATR and VOLUME

• 04/07/2024 at 12:14 AM #231172
  efahmy

  I need a code for the indicator, using the following functions and variables:

  ATR: The Average True Range function calculates the true range of the price over a specified period.

  Volume: The Volume function returns the total volume traded over a specified period.

  Average Volume: You’ll need to calculate the average volume over a certain period, such as 14 days.

  Price: The current price of the security.

  Conditions: Create logical conditions based on your requirements.

  Color: Set the color of the bar based on the conditions met.

   

  The logic for the conditions would be as follows:

   

  if ATR > 2 * ATR[14] and Volume > AverageVolume and Price > Price[1]:

  Color = “DarkGreen”

  elif ATR > 2 * ATR[14] and Volume > AverageVolume and Price < Price[1]:

  Color = “DarkRed”

  else:

  Color = “DefaultColor”

   

  

  efahmy

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  04/07/2024 at 2:28 AM #231173
  JS

  Hi,

  Try this one:

   

  Painting Bars with ATR+Vol

  //ATRPeriod=5 //AvgATRPeriod=14 //AvgVolPeriod=14 xATR=AverageTrueRange[ATRPeriod](Close) xAvgATR=Average[AvgATRPeriod](xATR) xAvgVol=Average[AvgVolPeriod](Volume) xVol=Volume xPrice=Close C1=xATR>2*xAvgATR C2=xVol>xAvgVol C3=xPrice>xPrice[1] C4=xPrice<xPrice[1] If C1 and C2 and C3 then DrawCandle(Open,High,Low,Close)Coloured("DarkGreen") ElsIf C1 and C2 and C4 then DrawCandle(Open,High,Low,Close)Coloured("DarkRed") Else DrawCandle(Open,High,Low,Close)Coloured("DarkBlue") EndIf Return //xATR as "ATR",xAvgAtr as "AvgATR",xAvgVol as "AvgVol",xVol as "Volume",xPrice as "Price"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

  //ATRPeriod=5 //AvgATRPeriod=14 //AvgVolPeriod=14   xATR=AverageTrueRange[ATRPeriod](Close) xAvgATR=Average[AvgATRPeriod](xATR) xAvgVol=Average[AvgVolPeriod](Volume) xVol=Volume xPrice=Close   C1=xATR>2*xAvgATR C2=xVol>xAvgVol C3=xPrice>xPrice[1] C4=xPrice<xPrice[1]   If C1 and C2 and C3 then DrawCandle(Open,High,Low,Close)Coloured("DarkGreen") ElsIf C1 and C2 and C4 then DrawCandle(Open,High,Low,Close)Coloured("DarkRed") Else DrawCandle(Open,High,Low,Close)Coloured("DarkBlue") EndIf   Return //xATR as "ATR",xAvgAtr as "AvgATR",xAvgVol as "AvgVol",xVol as "Volume",xPrice as "Price"

  

  JS

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  04/07/2024 at 2:44 AM #231176
  efahmy

  Many thanks mate,

  but can I change the other bars to light gray instead of dark blue using “lightgray”

  

  efahmy

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  04/07/2024 at 8:51 AM #231178
  JS

  If the “other bars” need to be light grey, you can replace “DarkBlue” with “LightGrey”… (or just “Grey” as shown in the screenshot)

  DrawCandle(Open,High,Low,Close)Coloured(“LightGrey”)

  

  JS

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  04/08/2024 at 1:56 AM #231195
  efahmy

  Many thanks mate,

  1 user thanked author for this post.

  JS

  

  efahmy

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