Study Alert for 3 ATR move up or down on 5min chart

September 27th, 2017, 11:48 PM

I am trying to create a Study Alert (so I get an SMS) based on a 3x move in ATR

So from TOS Marketwatch/Study Alert I create the following thinkscript for above 3 ATR

bid > ATR(Length=20,averageType="SIMPLE") * 3

I set this to Trigger if TRUE and create the silent crossover so it will alert above 3x and then reset when it goes below 3x. However on the Alert Book it always says the Current value of the alert is True so it triggers once at 930am and then never again (because it never crosses below)

It also isn't actually above 3x ATR on my chart. I've tried doing this with the KeltnerChannels UpperBand but couldn't get that to even save due to a Expected Double error.

Can anyone assist with this? I feel like maybe I'm making it more complicated than it needs to be.

Many thanks, Joe

September 28th, 2017, 07:13 AM

jetsetting

I am trying to create a Study Alert (so I get an SMS) based on a 3x move in ATR

So from TOS Marketwatch/Study Alert I create the following thinkscript for above 3 ATR

bid > ATR(Length=20,averageType="SIMPLE") * 3

I set this to Trigger if TRUE and create the silent crossover so it will alert above 3x and then reset when it goes below 3x. However on the Alert Book it always says the Current value of the alert is True so it triggers once at 930am and then never again (because it never crosses below)

It also isn't actually above 3x ATR on my chart. I've tried doing this with the KeltnerChannels UpperBand but couldn't get that to even save due to a Expected Double error.

Can anyone assist with this? I feel like maybe I'm making it more complicated than it needs to be.

Many thanks, Joe

The reason is very simple: math.
You are comparing a price (bid) with a range (ATR(x)*3).

September 28th, 2017, 08:14 AM

Of course! That makes total sense. ATR might be 1.5 and bid is 40 so it will always be true.

I also tried

KeltnerChannels("factor" = 3.0)."Upper_Band" is true

or I've tried

bid > KeltnerChannels("factor" = 3.0)."Upper_Band"

but that doesn't seem to work either. Do you have any guidance on how to accomplish this?

Thanks, Joe

Study Alert for 3 ATR move up or down on 5min chart

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Study Alert for 3 ATR move up or down on 5min chart