Registered User Joined: 3/31/2011 Posts: 90

I would like to create a condition that ATR1 is 2x greater than the SMA 25 of ATR1 today. I've tried from the chart but it only gives the option of being above/below the MA, not by a certain factor.
Could you put something together please?

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

Please try the following Condition Formula:
(H  L + ABS(H  C1) + ABS(C1  L)) / 2 > 2 * ((AVGH25  AVGL25) / 2 + (ABS(H  C1) + ABS(C1  L) + ABS(H1  C2) + ABS(C2  L1) + ABS(H2  C3) + ABS(C3  L2) + ABS(H3  C4) + ABS(C4  L3) + ABS(H4  C5) + ABS(C5  L4) + ABS(H5  C6) + ABS(C6  L5) + ABS(H6  C7) + ABS(C7  L6) + ABS(H7  C8) + ABS(C8  L7) + ABS(H8  C9) + ABS(C9  L8) + ABS(H9  C10) + ABS(C10  L9) + ABS(H10  C11) + ABS(C11  L10) + ABS(H11  C12) + ABS(C12  L11) + ABS(H12  C13) + ABS(C13  L12) + ABS(H13  C14) + ABS(C14  L13) + ABS(H14  C15) + ABS(C15  L14) + ABS(H15  C16) + ABS(C16  L15) + ABS(H16  C17) + ABS(C17  L16) + ABS(H17  C18) + ABS(C18  L17) + ABS(H18  C19) + ABS(C19  L18) + ABS(H19  C20) + ABS(C20  L19) + ABS(H20  C21) + ABS(C21  L20) + ABS(H21  C22) + ABS(C22  L21) + ABS(H22  C23) + ABS(C23  L22) + ABS(H23  C24) + ABS(C24  L23) + ABS(H24  C25) + ABS(C25  L24)) / 50)
Please provide a description and PCF for calculating an ATR value to be used as a stop loss value
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Registered User Joined: 3/31/2011 Posts: 90

Yes that's great thank you.

Gold Customer
Joined: 11/7/2009 Posts: 14

I would like to create a similar/related VALUE column that shows what % of price the 30 day ATR is.
For example, if a stock costs $100, and the 30 day ATR is 2.50  the column would show 2.5%. Ideally I could then (obviously) sort the column of a watchlist AND/OR scan for the condition when the 30 day ATR VALUE is greater than or less than x% of price.
Thanks to another discussion board, I already have the formula for this second piece (the scanning of the condition  see below):
(100*((AVGH15  AVGL15) / 2 + (ABS(H  C1) + ABS(C1  L) + ABS(H1  C2) + ABS(C2  L1) + ABS(H2  C3) + ABS(C3  L2) + ABS(H3  C4) + ABS(C4  L3) + ABS(H4  C5) + ABS(C5  L4) + ABS(H5  C6) + ABS(C6  L5) + ABS(H6  C7) + ABS(C7  L6) + ABS(H7  C8) + ABS(C8  L7) + ABS(H8  C9) + ABS(C9  L8) + ABS(H9  C10) + ABS(C10  L9) + ABS(H10  C11) + ABS(C11  L10) + ABS(H11  C12) + ABS(C12  L11) + ABS(H12  C13) + ABS(C13  L12) + ABS(H13  C14) + ABS(C14  L13) + ABS(H14  C15) + ABS(C15  L14)) / 30)/C) > 4.0
This above formula is set to scan for when the ATR is greater than 4% of price, and it works just fine. However, again, I would like to get a column specifically dedicated to showing the 30 day ATR's % of price as a VALUE.
I hope that makes sense and thanks in advance!

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

Your Condition Formula uses a 15Period ATR instead of using a 30Period ATR. An Indicator Formula for the 30Period ATR expressed as a percent of the current price could be written as:
100 * ((AVGH30  AVGL30) / 2 + (ABS(H  C1) + ABS(C1  L) + ABS(H1  C2) + ABS(C2  L1) + ABS(H2  C3) + ABS(C3  L2) + ABS(H3  C4) + ABS(C4  L3) + ABS(H4  C5) + ABS(C5  L4) + ABS(H5  C6) + ABS(C6  L5) + ABS(H6  C7) + ABS(C7  L6) + ABS(H7  C8) + ABS(C8  L7) + ABS(H8  C9) + ABS(C9  L8) + ABS(H9  C10) + ABS(C10  L9) + ABS(H10  C11) + ABS(C11  L10) + ABS(H11  C12) + ABS(C12  L11) + ABS(H12  C13) + ABS(C13  L12) + ABS(H13  C14) + ABS(C14  L13) + ABS(H14  C15) + ABS(C15  L14) + ABS(H15  C16) + ABS(C16  L15) + ABS(H16  C17) + ABS(C17  L16) + ABS(H17  C18) + ABS(C18  L17) + ABS(H18  C19) + ABS(C19  L18) + ABS(H19  C20) + ABS(C20  L19) + ABS(H20  C21) + ABS(C21  L20) + ABS(H21  C22) + ABS(C22  L21) + ABS(H22  C23) + ABS(C23  L22) + ABS(H23  C24) + ABS(C24  L23) + ABS(H24  C25) + ABS(C25  L24) + ABS(H25  C26) + ABS(C26  L25) + ABS(H26  C27) + ABS(C27  L26) + ABS(H27  C28) + ABS(C28  L27) + ABS(H28  C29) + ABS(C29  L28) + ABS(H29  C30) + ABS(C30  L29)) / 60) / C
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Gold Customer
Joined: 11/7/2009 Posts: 14

First, you're damn fast.
Second, you're pretty dope at this. (That's a good thing.)
Third, I'm giddy!
THANK YOU!

Registered User Joined: 2/9/2011 Posts: 76

Hi Bruce,
How do I write a condition PCF that;
1. caclulates the ATR is great than a number for instance; ATR > 1
2. I can use to find stocks where he ATR is currently X% (maybe 10%), more than the average true range over a X period (maybe 14 days)
Thanks

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

You are using TC2000 v18, so the formulas are going to be a lot shorter than what is given above.
So with a 14period ATR, you can just write:
ATR14
So checking for this being greater than 1 would be:
ATR14 > 1
Checking for the current true range at least 10% greater than the current 14 period ATR could be written as:
ATR > 0 AND 10 * ATR > 11 * ATR14
But you would usually want to compare this to the ATR from the previous bar instead.
ATR > 0 AND 10 * ATR > 11 * ATR14.1
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Registered User Joined: 2/9/2011 Posts: 76

Thanks a lot Bruce. Is there a way to calculate however what the ATR of a basket of stocks is... Say I have a basket of 100 stocks and I want to check what the general average ATR of all the ATR's on this list is? Anyway to do that?

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

No, there really isn't any sort of way to do that in TC2000.
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