UPDATE:
• added a mean version of atr using fractional lengths (requested by IvanLabrie):
• uses slow length property for setup.
• added Average Dayly Range (ADR) (requested by IvanLabrie)
• uses fast length property for setup.
• added Average Weekly Range (AWR)
• uses fast length property for setup.
• added Average Monthly Range (AMR)
• uses fast length property for setup.
• added Average Yearly Range (AYR)
• uses fast length property for setup.
• added a mean version of atr using fractional lengths (requested by IvanLabrie):
• uses slow length property for setup.
• added Average Dayly Range (ADR) (requested by IvanLabrie)
• uses fast length property for setup.
• added Average Weekly Range (AWR)
• uses fast length property for setup.
• added Average Monthly Range (AMR)
• uses fast length property for setup.
• added Average Yearly Range (AYR)
• uses fast length property for setup.
study(title="[RS]Multiple ATR Analysis V1") fast_length = input(title='Fast ATR Length:', defval=14) slow_length = input(title='Slow ATR Length:', defval=100) SHOW_CATR = input(title='Show Cumulative ATR?:', defval=true) SHOW_MATR = input(title='Show Mean ATR(fractional slow length)?:', defval=true) SHOW_ADR = input(title='Show Average Dayly Range(fast length)?:', defval=true) SHOW_WDR = input(title='Show Average Weekly Range(fast length)?:', defval=false) SHOW_MDR = input(title='Show Average Monthly Range(fast length)?:', defval=false) SHOW_YDR = input(title='Show Average Yearly Range(fast length)?:', defval=false) catr = not SHOW_CATR ? na : cum(high-low)/(n+1) matr = not SHOW_MATR ? na : (atr(round(slow_length*0.05))+atr(round(slow_length*0.25))+atr(round(slow_length*0.5))+atr(slow_length))/4 adr = not SHOW_ADR ? na : security(tickerid, 'D', atr(fast_length)) wdr = not SHOW_WDR ? na : security(tickerid, 'W', atr(fast_length)) mdr = not SHOW_MDR ? na : security(tickerid, 'M', atr(fast_length)) ydr = not SHOW_YDR ? na : security(tickerid, '12M', atr(fast_length)) plot(atr(fast_length), title='Fast ATR', color=red, trackprice=true) plot(atr(slow_length), title='slow ATR', color=maroon, trackprice=true) plot(catr, color=blue, title='CATR', trackprice=true) plot(matr, color=navy, title='MATR', trackprice=true) plot(adr, color=black, title='ADR', trackprice=true) plot(wdr, color=gray, title='AWR', trackprice=true) plot(mdr, color=silver, title='AMR', trackprice=true) plot(ydr, color=aqua, title='AYR', trackprice=true) hline(0, color=black)