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rassom
 Posted : Monday, February 28, 2011 8:19:12 AM
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Joined: 3/18/2009
Posts: 61

Hi guys

Would you please help me in describing how to plot channels of 1xATR and 2xATR on a chart in the new TC11? (if not possible, then in SF5).

Thanks,
Rasmus

Bruce_L
 Posted : Monday, February 28, 2011 10:28:23 AM

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Joined: 10/7/2004
Posts: 65,138
Assuming the centerline as a Moving Average of the Close, you could use a Custom PCF Channel Indicator with the Indicator Line Formula set to:

C

And the Channel Width Formula set to:

(H -L + ABS(H - C1) + ABS(C1 - L)) / 2

Adjusting the Period and Average Type would adjust the Moving Average being used to calcuulate both the Centerline and the Average True Range. Adjusting the Width Multiplier would adjust by how many ATRs the Channels should be above and below the Centerline.

-Bruce
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rassom
 Posted : Tuesday, March 1, 2011 4:04:58 PM
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Joined: 3/18/2009
Posts: 61

Hi Bruce

Thanks for the prompt and very helpful reply. Perfecto! :-)

Thanks :)
Rasmus

nickcowan330
 Posted : Tuesday, March 29, 2011 10:33:34 AM
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Joined: 6/22/2010
Posts: 1
Hi Bruce,

I'm sorry to ask you to repeat what you have probably told people 100 times already. I need to have ATR 1, 2 and 3 plus and minus on my charts, off the 22 MA line. Please assume I am thick and have no understanding at all of how to use stockfinder! I have tried countless times, but seem unable to get it rolling. I need a step by step hand hold to make it happen. Any help will be enormously gratefully received, Cheers Nick from UK
Bruce_L
 Posted : Tuesday, March 29, 2011 11:48:23 AM

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

Here is a method for StockFinder that doesn't involve any programming at all. Add a Moving Average to Price and adjust the Period and Average Type as desired.

Working with Indicators

Then add an Average True Range Indicator to the Chart, adjust it as desired. Then Drag and Drop the Moving Average onto the Average True Range and select Plot Comparison | Add to create a Band above the Moving Average (or Plot Comparison | Difference to create a Band below the Moving Average).

Comparison Plots

Then Drag and Drop the Comparison Plot onto Price History (onto where it actually says Price History on the Chart, not just into the Price History Pane) and select Overlay with Price History.

You can Drag and Drop the Average True Range onto the Bands you have already created and repeat the rest of the process to add additional Bands.

-Bruce
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narciss
 Posted : Friday, January 16, 2015 12:33:35 PM
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Joined: 5/14/2007
Posts: 7

Hello.

i'm trying to create ATR channel off EMA in stockfinder. I'm following instructions that are described below. When i drag comparison plot (as a result of "add to create a band') onto price history and select overlay i get a line above price. The problem starts when i do the same with second comparison plot (as a result of "difference to create band")to get the line below the price. After i drag it onto price history and select overlay, price and other indicators get squeezed out of the chart. And i am not able to make them reappear.  I have no idea what to do.

I hope this makes sense. Any help will be apreciated.

Thanks,

Armands

QUOTE (Bruce_L)
Here is a method for StockFinder that doesn't involve any programming at all. Add a Moving Average to Price and adjust the Period and Average Type as desired.

Working with Indicators

Then add an Average True Range Indicator to the Chart, adjust it as desired and then Drag and Drop it onto the Moving Average and select Plot Comparison | Add to create a Band above the Moving Average (or Plot Comparison | Difference to create a Band below the Moving Average).

Comparison Plots

Then Drag and Drop the Comparison Plot onto Price History (onto where it actually says Price History on the Chart, not just into the Price History Pane) and select Overlay with Price History.

You can Drag and Drop the Average True Range onto the Bands you have already created and repeat the rest of the process to add additional Bands.

Bruce_L
 Posted : Friday, January 16, 2015 12:48:14 PM

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

You will need to drag and drop the moving average onto the ATR when selecting Plot Comparison | Difference.

Sorry about that. The order doesn't matter when adding the lines together but it does when subtracting one of the lines from the other line.

-Bruce
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narciss
 Posted : Tuesday, January 20, 2015 7:25:17 AM
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Joined: 5/14/2007
Posts: 7

Thank you Bruce, it worked. Next i'd like to plot 3 ATR channels 1,2,3 and -1,-2,-3. How do i do that?

Thanks,

Armands

p.s. i didn't see your reply until today, assuming it would come to my email. So i sent the same question today to worden support email. It's ok if you reply only here. Thanks

QUOTE (Bruce_L)

You will need to drag and drop the moving average onto the ATR when selecting Plot Comparison | Difference.

Sorry about that. The order doesn't matter when adding the lines together but it does when subtracting one of the lines from the other line.

Bruce_L
 Posted : Tuesday, January 20, 2015 4:54:52 PM

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

You can drag and drop the ATR onto the +1 line and select Plot Comparison | Add to create the +2 line.

You can drag and drop the ATR onto the +2 line and select Plot Comparison | Add to create the +3 line.

You can drag and drop the -1 line onto the ATR and select Plot Comparison | Difference to create the -2 line.

You can drag and drop the -2 line onto the ATR and select Plot Comparison | Difference to create the -3 line.

-Bruce
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RobtJR.1949
 Posted : Thursday, February 5, 2015 6:43:19 AM
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Joined: 10/19/2004
Posts: 21

Bruce, this post discusses how to plot ATR channels around an EMA in StockFinder but I want to do the same in TC2000 v12.  I want to plot 1,2 & 3 ATR bands around a 23 EMA.  Can you help me with that process, please?

Bruce_L
 Posted : Thursday, February 5, 2015 10:28:56 AM

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

The instructions givien in my Monday, February 28, 2011 10:28:23 AM ET post in this topic should work for TC2000.

You will add three Custom PCF Channel Indicators to the chart (with Width set to 1.00, 2.00 and 3.00 in the different indicators). Set the Period to 23 and the Average Type to Exponential in all of them. You may want to check the option to view the centerline in one of them.

-Bruce
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RobtJR.1949
 Posted : Friday, February 6, 2015 8:07:08 AM
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Joined: 10/19/2004
Posts: 21

Worked perfectly. Thanks for the guidance..

Bruce_L
 Posted : Friday, February 6, 2015 10:24:26 AM

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

You're welcome.

-Bruce
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