ATR Pips [LazyBear] [Fixed by Elixium]

This is ATR in pips. This was requested by user @ElixiumCapital on Twitter . ATRPIPs in his words:

How to use: Change the chart to the Daily time frame. The indicators value e.g. 0.0105 means that the average daily range of the past 5 trading days is 105 pips. (On standard pairs like EURUSD , GBPUSD )

"ATR PIPs is useful for finding markets with your desired amount of volatility , for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the indicators value."

Fixed: Default parameters and a critical bug.


本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。



// @author LazyBear 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
study("ATR Pips [LazyBear] [Fixed by Elixium]", shorttitle="ATRPIPS_LB [Fixed by Elixium]", overlay=false, precision=4)
length=input(5, title="ATR Length")
mult=input(1.0, title="Percentage Multiplier (for ex., 0.7 = 70%)", step=0.1, minval=0.1, maxval=1.0)
sb=input(false, title="Show Enclosing BB")
l = input(34, minval=1, title="Enclosing BB Length")
m = input(2.0, minval=1, maxval=50, title="Enclosing BB Multiplier")
oa=input(false, title="Show actual ATR")
s=ii?na:oa?atr(length):(syminfo.pointvalue * mult * atr(length))
plotshape(ii?x:na, style=shape.cross, color=red, text="Invalid", location=location.absolute, title="ErrorText")
basis = sb?sma(s, l):na
dev = sb?m * stdev(s, l):na
upper = sb ? (basis + dev) : na
lower = sb ? (basis - dev) : na
plot(upper, color=gray, linewidth=2, title="Upper")
plot(lower, color=gray, linewidth=2, title="Lower")
plot(basis, color=orange, linewidth=2, title="Middle")
plot(ii?na:s, color=blue, linewidth=2, title="ATR")