ATR

Hi Pauley,

You could try the following Script for an indicator that places dots above, and below the price on a price chart (I am guessing that it is an indicator on the price chart that you want). If you want only the ATR dots above the price, then you can change the script to remove the lower ones (and vice versa). Or if you want the dots above to be a different ATR value, then again the script can be tweaked. Also, if you would rather have a stepped line instead of dots, or something different, then this is doable also.:

[description="This indicator shows ATR bands around the Typical Price, with the option to specify how far out the bands are to be placed. The purpose is to use the band as a Maximum Chase value when entering a stock (either long or short)."]
[citation="(citation not included)"]
[author=Brainy]
[target=Price]

atrperiods := input("Time Periods for ATR",13);
atrmultiples := input("ATR multiples",1.3);
atroffset := atrmultiples*atr(atrperiods);

TP := (H + L + C) /3;

stdha := TP + atroffset;
stdla := TP - atroffset;

[Name=Typical Price; linestyle = long dash; color = red]
TP;
[Name=Top; linestyle = points; color = blue]
stdha;
[Name=Bottom; linestyle = points; color = blue]
stdla;


Cheers