General Tip: Create An ATR Daily Chart

[KyleK29 257]

Few users asked about this in chat, posting here so everyone can see how I do my ATR chart.

1) Create a new "Daily" chart
2) Download the linked .zip file and unpack it. --> https://drive.google.com/file/d/12JJGdg_SOeQVM-avM7_N-pNbDRQfN2wz/view?usp=sharing
3) Right-click the chart you created in DAS and select "Import Settings" --> Select the "ATR-chart-setup.cst" file you unpacked in #2.
4) You may need  to select the chart and zoom all the way in for the effect to work.
5) Move the chart and place it where you want it. As a side tip, you can right-click the border and choose to hide the title-bar (making it smaller).

 

I do it like this to fix a few issues .. DAS's ATR study doesn't allow you to hide the line on a chart and a chart must have either a volume or price study. If the chart is small, it'll make all of these lines behind the study info, making it hard to read .. if you make the line color white, it'll make the study color white. So I use the Volume Study with the same color as the background placed above the ATR studies to "hide" the lines. You then just need to zoom all the way in (should stay), and you'll end up with just the Study Info in the upper corner.

 

Screenshot:

[akuush 0]

Thank you Kyle for sharing this. Very useful.

I tried to dig through the Hotkey manual pdf to read/learn more about it. I'm trying to grab the ATR value from a 1min chart to calculate my share size. For instance, NIO's 1 min chart with an ATR(9) shows a value of 1.4 Which means the average range of the price on the past 9 bars is 1.4. How do I grab that value in my script? 

I'm trying to use that value 1.4 and multiply it by a fixed value of 500 to calculate my share size. 1.4 X 500 = 700 for my DefShare variable.

 

Can you point me in the right direction where to look for those reserved words? I did see your other post where you are able to access the ConfigTrendLine and customize that through a script; pretty neat. However, how did you find about that reserve word? Is there additional documentation available somewhere by DAS?

Thanks much!! 

[mlestina 6]

Kyle,

Thank you!

btw, you must mean "load settings", not --import settings--.

[dnelson2408 0]

I am so glad I just came across this. DAS not having ATR easily viewable it kind of sad lol.

[peterB 322]

or do it like this https://open.substack.com/pub/traderpeter/p/das-trader-advanced-hotkeys-part-c83?r=1wujo4&utm_campaign=post&utm_medium=web

[Alastair 110]

This ATR issue has been a problem for me for yrs.......not getting the way I want it.......Burger King way...LOL.   Looking to get it on the chart as a decimal value or in montage.  Not sure if any recent mods have been implemented by DAS.

[peterB 322]

you can have it as a decimal value for years, now you can have it as a custom variable in the variables window or on a button/hotkey as a popup window with the number

Edited May 6 by peterB

[Matt 7]

From my end, I frequently employ the Moving Average Bands (MAB) ATR indicator on TradingView. (it's free after all!)
(mab) ATR Band — Indicator by happymab — TradingView

The ATR Band calculator on TradingView derives its calculations from the opening, which may not reflect the true ATR. Nonetheless, it proves highly beneficial, especially when trading gap stocks.

I did try your solution, PeterB, but activating the advanced features caused some of my other hotkeys to stop working.

[peterB 322]

Yes it is a one way street. Never look back. Fix the old syntax hotkeys and look to the future.

[Matt 7]

I don't have your talent and your knowledge in Das hotkey, but I'll get started on it. Thanks for all the tips in your blogs by the way. They are very usefull.

[peterB 322]

that is why you can just take the hotkeys i provide there. or ask for the ones you need

[Alastair 110]

On 5/6/2024 at 1:40 PM, peterB said:

you can have it as a decimal value for years, now you can have it as a custom variable in the variables window or on a button/hotkey as a popup window with the number

ur are correct........I totally missed it as u showed in the other thread.   Bcoz i hide tht line/data tht had the decimal value in config chart......I know I can hide the average line on chart in the background...........need to check this again as I am now thinking as I type this tht if I hide the average line on the chart it will hide the decimal value.  may need to play with it to find the right combo of options.....has been a long time since I config'd those values.

 

The edit/mod I had requested a few yrs back was the ability to SHORT by the ATR in the montage.