ATR GRID

[JaxPacific]

Thank You!!

[JaxPacific]

Would you be able to Center the ATR based on opening price of the new period. Looking for the ATR to be calculated on the last x period, and the lines to be y% from the opening, recalculating and projecting for each new period.

How is the placement of the lines currently decided?

Thank you.

[Apprentice]

Your request is added to the development list under Id Number 4740

[Apprentice]

I don't understand what needs to be done.
It works exactly like described (if I understood you correctly).

[JaxPacific]

There is a gap in the lines above price.

If we have a 14 day/week ATR, then it seems it would be most beneficial to take the previous 14 period calculation and plot it on the current period.. always plotting forward, and take the opening price of the current period as the center for the grid.

I'll try to say it a couple of different ways
It would look like this on an hourly chart:

Take the 14 day atr calculation. Plot the calculation on the 15th day.. then recalculate the 14days again, now plot on the 16th day etc. With the gap centered on the opening price so the grid extends outward.

In the picture I posted, it would calculating the 14 periods before the blue line segment, plotting the 14 period atr lines on the current period, then moving that blue line segment down to the horizontal blue line/opening price. make sense?

The only other way would be to make it so the most recent highest or lowest price lines up with an atr line.. but that would get confusing, as the grid would always be moving.. It seems like the best way is to center it on the opening price.

[Apprentice]

ATR GRID MTF History.mq4

(3.77 KiB) Downloaded 408 times

Try this version.

[TLBshifted]

Is it possible to have regular monthly grids over daily chart?

Or any mtf grid on lower charts?

Thanks

[Apprentice]

Your request is added to the development list.
Development reference 635.

[Apprentice]

I don't understand what needs to be done. ATR GRID MTF History works with MN1 over D1 fine