ATR Dashboard indicator

The indicator below is used to display up to 14 pairs and the projected high and low using a 5 day ATR.

Many thanks to bandung for his work. I am always in awe of folks who can do this kind of thing.

It's based on this indicator...



which draws two lines on your chart using a 5 day ATR calculations. One line is based on the low for the day + the ATR.....that's the potential high for the day. The second line is based on the high of the day minus the 5 day ATR...or the potential low for the day. It looks like this:



So the dashboard allows for a quick snapshot of this observation accross 14 pairs. This pic looks like this...



So the open for the day is displayed in the middle. As price moves above or below the open, the price is displayed along with the percent of the daily range that has been filled. The pips to the potential high (low + 5 day ATR) is displayed and pip to the potential low (high - 5 day ATR) are displayed along with the price for the respective levels.

Other settings are possible. Enjoy!!!

Many many thanks to bandung for his programming on this indicator.

Cheers
CanuckCT

Thanks for sharing CanuckCT and as usual great work Bandung.
This is a great addition to my trading arsenal.

Regards

CanuckCT, this is a very interesting screening tool.

How is the Projected ATR calculated? For example the 14day ATR in the EURUSD is roughly 121. However, the difference between the Low+ATR and the High-ATR is only about 89 pips.

Also, here's a suggestion. It would be nice to know what the ATR is for each pair. Could the ATR be printed just above or just below each pair?
http://screencast.com/t/oMZUCFme

hi cool
maybe this illustration can help you...
your suggestion maybe will be applied on the next version...

Let's work with it for a bit and see what improvements we might suggest.
Cheers
CanuckCT

Thanks for the clarification and the consideration of my suggestion....very much appreciate you sharing this with us.

Bandung...you are amazing. Very nice work man! One thought: can you make a historical version of the Lines indicator...so we can see potential hits/exits in the past? That would be great!

We might display at the bottom, the ADR # and the percent ADR filled during the day. Great to see where price is in relation to the open, but also useful to know that ADR was say 120, and during the day, 125% of ADR was reached.

I don't know if there are any other suggestions.

Cheers
CanuckCT

One more thing....can we have it ignore Sunday candle as an option....
Cheers
CanuckCT

can someone please tell me why im not getting any data for this indi?
http://img41.imageshack.us/i/92306959.jpg/

http://img41.imageshack.us/i/92306959.jpg/

http://img41.imageshack.us/i/92306959.jpg/

i dont what in the world is wrong but i cant upload the image. im so sorry for the inconvenience.
http://img220.imageshack.us/i/36296108.jpg/

EURCHF
Daily Candle of Feb 28 reads
H=1.2860
L=1.2724

Indicator " ATR Levels -Modified" , gives
Upper line = 1.2939
Lower line = 1.2697


ATR= ?
Daily TF
Cursor on Daily bar of Feb 28-- reads = 0.0128 -- is this correct?

Lines calculations
Upper Line = Low + ATR => 1.2724 + 0.0128 = 12852 -- (It must be 1.2939)

Lower line= High-ATR ==> 1.2860 - 0.0128 = 1.2732 (It must be 1.2697)
--------------------------
Conclusion
1- My calculations do not meet the indicator readings
2- I did a miscalculation somewhere...
3- I need your help just to correct my calculations
----------------
Thanks

Hi guys,

This is a great indicator and I am trying to use it in my platform. However there shows no update on the screen even if the data connectivity on my platform is fine. Any clues what else I need to do for me to make it work.

Thanks in advance for your help.

Regards,

B

Would it be possible to "print" the current HighOfDay (maybe in Green) and the LowOfDay (maybe in Red) on the dashboard for each single pair?

Should be easy getting these data from MT4 Marketwatch.

Thanks

Hi Sammy,

Would you please tell me if this indicator works well on your platform. For some reason it gives no values when I use it with my MT4 platform provided.

Regards,

B

Yes it does, I plugged it on a MT4 Alpari UK and for work fine for me.
What Broker do you use?
Did you copy the file into ../expert/indicators folder?

This a awesome indicator. Would it be possible to have settings to display session's instead of just the daily?

Superb. Thanks

I know this is an old post but to anyone who is having problems displaying any data, the problem is with the list of symbols.
There appears to be no error checking on symbols available from your broker. So, if you have a symbol in the list that is not available on your platform it simply returns no results.
Simply edit the list of symbols.

Does anyone know how to modify the ATR modified indicator so that it can show 2 more lines, each one a user defined % retrace from the H4tATR lines?

Cheers

Can you elaborate a bit on the calculation?
I have added the 2 extra rows, just not quite sure what the calculation would be.