Looking for ATR-like indicator

Hi guys,

I'm looking for something simple (hopefully).

All I need is an indicator like the ATR we all know. But instead of a graph I only want a simple number that gives me the ATR of the last x days.
Additionally a number that tracks the current sessions range would be great.

So the first number would be fix for a whole day while the second one would be updated just like the price.


Also but this is very optional would it be great to set the starting time of both number (like 8am, 3am, 2pm and so on).


Maybe there is already something around, I couldn't find anything...

have you tried just adding a screen comment to your existing ea.

something like;

double dailyatr= iATR(Symbol(), 1440, 14, 0) ;
double timeframeatr= iATR(Symbol(), 0, 14, 0);


string dailyrange = StringConcatenate("Daily Average True Range is ",dailyatr);
string currentrange = StringConcatenate("Latest Average True Range is ",timeframeatr);

Comment("n"+dailyrange+"n"+""+"n"+currentrange);

something to start with anyway. or not, whatever.

Sorry for not answering for a time but I had some private issues. I found an indicator that seems to do what I want.

I just want to get rid of some things and I have no clue of programming. The things I don't want are circled red!

Maybe someone can help me, would be nice.

Might be a little more than you want in days, so I will modify what you don't need. it is default for the day time frame, but can be changed to what you need.

This one looks really great!

Could you change it so that there is only the current day's range and the one of the last 5 and 10 days? So only 3 lines


Would be awesome

This should do exactly what you want no frills bells or whistles just 3 lines of text.

indicator updated

Thanks to both of you.

Unfortunately the ATR Comments-Indicator seems to have a calculation error.
Indicator says 82pips daily range, MT4 96pips...


Or let's say it this way: The daily range number is not updating although price makes new highs currently.

My mistake the calculation is not wrong I just supplied the Daily average of the ( Previous Day + 5 Days + 10 days )/3 which gives an overall average, I did not read your request closely enough sorry about that, updated indicator on the above post.

Thanks a lot, seems to work now.

Nice support.

Hey guys,

I'm really happy with the Indicator of cja. However, it is possible to make a weekly range indicator? Unfortunately I have to shift to higher time frames and a weekly range indicator would really help me here.

Thanks.

Hey guys, anyone knows what's name of this ATR indicator? I would like to have indicator which will calculate ATR and then that write that price, like in this example prices 1.3788 and 1.3724?

Here's an indi I've made. It draw horizontal lines on the screen based on the different ATR values. It show you how much "space" left above/below the current day's/week's/month's high and low.
If you can't see the lines on lower timeframes, just zoom out on the Y axis, because it may be too far above or below to see it

Hey Zool,

Thank you for your answer and indicator. I have 2 questions:

1. When I set default ATR to 24 period (as this period is default in your indicator) I get 2 values which differs. Is this also happening to you?
2. Do you use this indicator and how accurate you found it is? Do you use it for stop loss, profit target or something else?

Thanks in advance.

The difference between ATR and my indi maybe come from the that I don't use the ATR calculation in my indi.
If you put ATR on your chart it doesn't care if you have a small sunday bar (if your broker uses a timezone that cause a sunday bar), and if there was a gap between close and the next candle, and the previous close falls outside of the current high/low, then it calculates the previous close into the range too.
I only use simple high/low range, and doesn't care about previous close / gap. Also if there's a sunday then it calculates that differently too. So actually my indi is not an average true range calculation but an average (daily/weekly/monthly) range calculation. That's the difference

Sometimes I use this indicator to filter out trades. If I see that one of the range lines are close to the current price in my planned trade's direction, then I take that into consideration and sometimes doesn't open the position if my other signals are weak. Much more often I use these lines as take profit levels too, but usually only the daily lines since weekly/monthly lines are too far away for my trading style (my trades usually lasts only for a couple of days).

I've created this indi just for experience, and I was suprised to see how often the price respects those lines. Give it a try, maybe you will find it useful

Thank you very much for explanation Zool. I'll certainly try it and if it give me good results, certainly add it to my strategy.

Is this what you are looking for.....I have it set to 5 days on my 1m, 10 on my 5m and 20 on my 15m charts......

does any one know the time of day that the atr (on a daily timeframe) is usually fulfilled?

Are the chart level lines a different indicator?

when the day ends. Which is the close of the Daily Candle/Bar