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cliffhanger31
 Posted : Wednesday, August 05, 2009 4:05:16 PM
Registered User
Joined: 8/24/2007
Posts: 43
I would like:

Create +1, +2, +3 and -1, -2, -3 ATR lines above and below the 26 period moving average of price.

The existing ATR indicator calculates the value of one atr which is the first step of, course. However, I would like to use this value to create six lines that parallel the moving average (three above and three below). If I am overlooking some key piece of data, please let me know.

Andreas
StockGuy
 Posted : Wednesday, August 05, 2009 4:08:45 PM

Joined: 9/30/2004
Posts: 9,039
Do you mean literally ATR + \$1, +\$2, etc.? Not sure I understand what you're asking.

Do you want MA 26 + ATR, MA 26 - ATR, MA 26 + (ATR*2), etc.?
cliffhanger31
 Posted : Wednesday, August 05, 2009 4:18:59 PM
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Joined: 8/24/2007
Posts: 43

Hey There StockGuy:

Yes I would like MA 26 + ATR, MA 26 - ATR, MA 26 (ATR * 2), etc.

Hope that is enough information.

Andreas

jas0501
 Posted : Wednesday, August 05, 2009 4:42:59 PM
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Joined: 12/31/2005
Posts: 2,499

Oh! for want of...

multiple plots from a single module

then you could just do this:

'# ATR = indicator.whatever
plot1 = price.value + ATR.value
plot2 = price.value - ATR.value

plot3 = price.value + ATR.value*2
plot4 = price.value - ATR.value*2

plot5 = price.value + ATR.value*3
plot6 = price.value - ATR.value*3

but such capabilities are not yet available in StockFinder,  :-(

You could however create a single indicator with a user input and ATR indicator and then create five copies and adjust the userinput value to cover the range (-3, -2, -1, 1, 2, 3). Like so

'# MULT = userinput.integer = -3
'# ATR = indicator.whatever
plot = price.value + ATR.value * MULT

jas0501
 Posted : Wednesday, August 05, 2009 4:52:06 PM
Registered User
Joined: 12/31/2005
Posts: 2,499
closer reading the ATR should be added to AVG26, so add the noving average indicator as well and this will do it:

'# MULT = userinput.integer = -3
'# ATR = indicator.whatever
'# AVG26 = indicator.whateverelse
plot = AVG26.value + ATR.value * MULT

cliffhanger31
 Posted : Wednesday, August 05, 2009 5:18:26 PM
Registered User
Joined: 8/24/2007
Posts: 43
I am looking at someone else's plot and it exists in Stockfinder, so that should help. I don't have access to the code so I am trying to duplicate it with help from here.
Bruce_L
 Posted : Thursday, August 06, 2009 9:07:45 AM

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Joined: 10/7/2004
Posts: 63,046
cliffhanger31,
Does changing the Period of the Moving Average automatically adjust the Period of the Average True Range? Do you know if the type of the 26-Period Moving Average affects the type of Moving Average used in the Average True Range?

-Bruce
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cliffhanger31
 Posted : Thursday, August 06, 2009 10:46:45 AM
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Joined: 8/24/2007
Posts: 43
Mr Bruce:

Good to have you back.

I picked 26 weeks arbitrarily. However, to answer your question, yes, I would assume that changing the time period of the underlying moving average will also affect plot.

I just reread your question and you may be asking is the moving average simple vs expodential vs something else and how would that affect it etc. I am going to go with simple moving average.

In case this helps, if you have an off line spot to send it to, I have a jpeg of what it looks like.

Say we have a stock price of \$10 and a current ATR value of \$1 and the current value of the moving average is say \$9.50. The plot would have the +1 atr line at \$10.50, the +2 atr line at \$11.50 and finally the +3 atr line at \$12.50. Then also the -1 atr line at \$8.50, etc.
Bruce_L
 Posted : Thursday, August 06, 2009 1:15:09 PM

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Joined: 10/7/2004
Posts: 63,046
cliffhanger31,
You should be able to Open the attached Chart directly into a running copy of StockFinder.

Attachments:
EMA of Price and True Range.sfChart - 72 KB, downloaded 169 time(s).
SMA of Price and True Range.sfChart - 70 KB, downloaded 76 time(s).

-Bruce
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cliffhanger31
 Posted : Thursday, August 06, 2009 1:43:14 PM
Registered User
Joined: 8/24/2007
Posts: 43
Thank you SIR!!!!!

That looks just great. Give yourself a raise!

Andreas
Bruce_L
 Posted : Thursday, August 06, 2009 1:48:24 PM

Worden Trainer

Joined: 10/7/2004
Posts: 63,046
cliffhanger31,
You're welcome. Our pleasure.

-Bruce
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