Support Board
Date/Time: Thu, 21 Nov 2024 13:19:07 +0000
Daily ATR lines on Intra-day charts
View Count: 94
| [2024-11-12 19:59:59] |
| User763335 - Posts: 82 |
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Hi I tried to plot the daily ATR High & ATR low lines on intra-day chart using the Daily Range Band study, referencing a daily(historical) chart AverageTrue Range Study, but not getting the correct behavior/result. The study paramters, screenshot attached.I had to set the Band Multiplier to 2, as the Hi/Low were reversed initially. Have also attached a 5min chart of $GOOGL showing the ATR lines plotted. I checked a couple of other symbols as well($NVDA,$TSLA). Can you pls check if this is what you're seeing on your end as well, as it doesnt tally with ThinkOrSwim whose daily ATR lines have been fairly accurate & respected, by price action. Not sure if there is any other recommended study or custom study, to get accurate Daily ATR lines on intra-day charts. Thanks |
Private File Private File |
| [2024-11-13 17:47:29] |
| User763335 - Posts: 82 |
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following up. can you pls confirm if this is the only way in SC, to get the Daily ATR High/Low on Intraday charts and if there's anything wrong with my study parameters? Thanks |
| [2024-11-13 19:15:01] |
| John - SC Support - Posts: 36174 |
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We are not seeing any issues with these studies, so we do not know why you are seeing what you are. Please get us a Chartbook with the two charts in it so we can take a look at how you have this setup. Follow the instructions at the following link, but get us 2 charts (the Intraday and the Daily): Support Board Posting Information: Providing Chartbook with Only a Single Chart For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-11-13 22:28:46] |
| User763335 - Posts: 82 |
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Chartbook uploaded.
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Private File |
| [2024-11-13 22:49:43] |
| John - SC Support - Posts: 36174 |
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Attached is an image of what we see when we open your chartbook. Everything is perfectly correct. We double checked the math to ensure it is correct, and it is. The one thing we want to point out is that you are using a "Daily Range Displacement" of 1, meaning the ATR that is used in the calculation comes from the prior day. For the current date, for instance, this meant that a value of 4.58 was used for the ATR instead of 4.50. We can not explain the image you originally provided. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
 Sierra_Chart_MainWindow_2024-11-13 16_46_00.288.png / V - Attached On 2024-11-13 22:49:39 UTC - Size: 222.94 KB - 18 views |
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