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## ATR Levels

 140 APeng 2012.02.24 09:59   I have some questions about ATR Levels indicator. It draws four lines: ATR(t) res, ATR(y) res, ATR(t) sup, ATR(y) sup. 1) What is the difference beetween (t) and (y) ? today, yesterday??? 2) res and sup are resistance and support. If I chose e.g. 10 for the period the indicator calculates the average true range of the last 10 periods and then it draws the resistance and support lines into the chart. Let us say the ATR is 50 Pips. Related to what point are resistance and support drawn? Related to the day´s opening price? Thanks in advance for any comments :-) similar
GOLD GOING TO 700
forexintel | 26 November 2015, 15:34 | Views: 20
Gold price well set to fall to 700. With every passing candle ranging at the current price level, the level 2 set up is slowly turning into a SELL set up, where the upward retracement before the fall seems more remote. The gold price seems set to reach a price level of 700 in the next 3 to 4 months, which should set the direction for next year's price movements.
 3131 qjol 2012.02.24 11:56 #   read the code
 140 APeng 2012.02.24 15:57 #   qjol: read the code OMG - some answers should better be skipped. I read the code and the questions I have after reading it are posted above. Really qjol - just don´t answer if your are not willing to help!
 791 Ickyrus 2012.02.24 16:19 #   As best as I can work out (indicator code is not yet mastered by me) The blue and red lines of the ATR indicator are being translated as lines to the chart for two time frames one timeframe is half of the current timeframe. similar
 11710 WHRoeder 2012.02.24 16:46 #   APeng: I have some questions about ATR Levels indicator. It draws four lines: ATR(t) res, ATR(y) res, ATR(t) sup, ATR(y) sup. I read the code and the questions I have after reading it are posted above.You must read and understand the code. You must think. Follow the highlights: red=red, blue=blue, green=your question. ```ArrayCopyRates(rates_d1, Symbol(), PERIOD_D1); fullatr = iATR(Symbol(), PERIOD_D1, ATRPeriod, 1); L4 = rates_d1[1][3] - fullatr;       // yesterday's High -ADR H4 = rates_d1[1][2] + fullatr;       // yesterday's low +ADR L4t = rates_d1[0][3] - fullatr;      // today's high -ADR H4t = rates_d1[0][2] + fullatr;      // today's low +ADR ObjectCreate("H4atr label", OBJ_TEXT, 0, Time[0] + timeshift, H4); ObjectSetText("H4atr label", "ATR(y) res: " + DoubleToStr(H4,4), 8, ObjectCreate("L4atr label", OBJ_TEXT, 0, Time[0] + timeshift, L4); ObjectSetText("L4atr label", "ATR(y) sup: " + DoubleToStr(L4,4), 8, ObjectCreate("H4tatr label", OBJ_TEXT, 0, Time[0] + timeshift, H4t); ObjectSetText("H4tatr label", "ATR(t) res: " + DoubleToStr(H4t,4), 8, ObjectCreate("L4tatr label", OBJ_TEXT, 0, Time[0] + timeshift, L4t); ObjectSetText("L4tatr label", "ATR(t) sup: " + DoubleToStr(L4t,4), 8, ``` ATR(t) res, today's low + Average Daily Range (ADR) ATR(y) res, yestdays's low + ADR ATR(t) sup, Todays high - ADR ATR(y) sup. Todays low + ADR similar
 140 APeng 2012.02.25 18:03 #   WHRoeder: You must read and understand the code. You must think. Follow the highlights: red=red, blue=blue, green=your question. ATR(t) res, today's low + Average Daily Range (ADR) ATR(y) res, yestdays's low + ADR ATR(t) sup, Todays high - ADR ATR(y) sup. Todays low + ADR Thank you very much WHRoeder, I got it now (as you made it really simple ;) ) !