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ATR percentage


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  #1 (permalink)
Danger30Q
Madison WI, USA
 
Posts: 3 since Nov 2012
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Hello fellow coders!

I'm a huge user of ThinkorSwim but have minimal knowledge with coding. I'm using the ATRTrailingStop indicator but I would like to convert the ATR value into a percentage. For example, if the ATR(14) value is 1.00 and today's price is $10.00, then ATR % would be 10%.

I know its a simple request but I can't find a way to get the graph to show in percentages.

Thank you very much in advance!

- John

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  #2 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
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Sorry, are you saying you want the regular ATR as a percentage of the close or the stop amount as determined by the ATR Trailing Stop study divided by the close, i.e. (close - ATR Trailing Stop) / close?

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  #3 (permalink)
Danger30Q
Madison WI, USA
 
Posts: 3 since Nov 2012
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I am looking for the regular ATR as a percentage of the close. Thank you very much for the help!

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  #4 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844

It seemed that way, but you we're talking about the trailing stop thingy too so I wasn't sure...anyway here it is. If you are looking for comparability across instruments, then I am contemplating whether this will actually achieve that or not. If it doesn't do what you want then let me know and we can work on it.

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Elite Membership required to download: ATRPercentageSTUDY.ts
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  #5 (permalink)
Danger30Q
Madison WI, USA
 
Posts: 3 since Nov 2012
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Thank you so much, sir! I greatly appreciate your help.

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Last Updated on July 30, 2013


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