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It
simply assigns how much room around the plot you want to see empty. To see the
difference change it to graphxspace=15. It is not needed but I like the visual,
especially on a pane that has a lot of information such as this one.
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: gosub283
[mailto:gosub283@xxxxxxxxx]Sent: Monday, March 31, 2003 12:20
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Re:
Efficiency & ATR (Jayson)PS: What is....
GraphXSpace=3;at the bottom of your code.??I can't find it in
AmiHelpWhat's it used for??Gosub--- In
amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:>
GM,> > I Agree that Raw ATR numbers are of little use. What is
important is to> understand the ATR value as it pertains to the bars
move.> Along a similar vein you may find this interesting. I use it daily
on an> interday chart to gauge if the days move is within the "Normal
ATR for the> stock as well as to measure the volume against it's own
MA.> The top value is today's volume as measured against the 50 day MA
of volume.> The second line measures today's price move as a
percentage against the> "normal" (ATR14) ATR. The final line is the
ATR(14) measured as percentage> of the daily close.> At
a glance I can see if the stocks ATR reflects a boring, potentially>
satisfying or down right scary range and if today's move is important
or> just average.....> > I use a dark back ground, you may
wish to adjust the colors....> > > ATRparm=Param("ATR Look
Back",14,10,50);> x=ATR(atrparm);> y=(x/C)*100;>
z=(ATR(1)/C)*100;> Vparm=Param("Vol MA",50,10,200);>
Col1=IIf(V>MA(V,50),MA(V,50),V);>
Colzone1=IIf(C>Ref(C,-1),colorDarkGreen,colorDarkRed);> >
Plot(Col1,"", colzone1,3|styleThick);>
Plot(V,"Volume",IIf(C>Ref(C,-1),colorBrightGreen,colorRed),2|styleThick);>
Plot(MA(V,50),"Vol Average " ,colorYellow,4);>
Value1=ATR(1)/y*10;> Plot(value1/ATR(atrparm ),"ATR",4,1) ;>
Plot(y,"% of Vol Average "+WriteVal(V/MA(V,vparm)*100,1.0) +"%"+" ATR
%"> ,colorWhite,styleOwnScale |1);> GraphXSpace=3;>
> > > Jayson> -----Original Message----->
From: GM [mailto:gmellor@xxxx]> Sent: Sunday, March 30, 2003 11:17
PM> To: Amibroker Forum> Subject: [amibroker] Efficiency & ATR
(Al V. & Jayson)> > > Hi guys,> > In an
attempt to use the ATR in "Personality"> recognition, I made a slight mod
to the ATR> indicator. I would appreciate your comments> and
suggestions. (Don't hold any punches)> Is this a useful tool ?>
Anyone else please feel free to comment,> Gosub283> >
Picture attached:> Notice how "GMVolatility" climbs just before>
the "V" bounce reversals in the QQQ.> > Description:>
The standard Average True Range (ATR) indicator> is only useful as
a reference over the period> which it is set. As the stock price
climbs or> drops significantly, previous ATR value are
useless> when compared to current values. This makes
it> impossible to set ATR thresholds in software
systems.> The GM Volatility indicator divides the ATR
value> by the average close price over the same
period,> thereby showing range volatility as a
percentage> of the average price regardless of time or $
value.> Values less than 3 are normal while value
greater> than 5 indicate high daily volatility.> The
GM_Volatility indic. is useful at all times> and floats between 0
and +10% regardless> of price change over time.>
> Generally, a value less than 3% indicates> LOW
volatility. Values above 5% indicate> HIGH volatility.>
> EG: A value of 2% means that the
Low-to-High> fluctuates 2% of the average
price> over the last 14 days. (lower
volatility)> > A value of 7% means that
the Low-to-High> fluctuates 7% of the average
price> over the last 14 days. (Higher
volatility)>
*****************************************************/> > GM_Vol =
(MA(ATR(14),5) / MA((H+L/2),14))*100;> Graph0 = GM_Vol;> Graph1 =
MA(GM_Vol,10);> > Yahoo!
Groups
Sponsor>
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