PROTECTED SOURCE SCRIPT

Daily ATR %

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Input parameters:
  1. Number of bars for ATR (Y) - the number of bars to calculate the average ATR
  2. Number of bars for median ATR (X) - the number of bars to calculate the median ATR, should be >= Number of bars for ATR
  3. Stop ATK share in % - to calculate Stop Loss in % of ATR
  4. Calculate the passed ATR from the previous day close - calculation of the passed ATR from:
    True = closing prices of the previous day
    False = from High/Low of the current day


The script calculates several parameters:
  1. Decimal - the number of digits after the fractional part of the price
  2. Close % - how much the previous day closed as a percentage of High/Low
  3. Median - the median value for the X previous bars.
  4. ATR is the average value for Y bars
  5. C_ATR - passed ATR for the current day
  6. C_ATR% - passed ATR in % excellent calculated
  7. Stop - the calculated size of the Stop Loss from ATR


THE LOGIC OF CALCULATING THE ATR (the bar of the trading day is not taken into account):
1. Calculate the Median ATR for X previous bars.
2. We calculate the ATR for Y of the previous bars,
taking only those bars that fulfill the condition:
Median ATR * 50% < N < Median ATR * 200%
, i.e. we do not take into account bars that are less than the Median ATR by 2 times, and bars that are more than the Median ATR by 2 times

Penafian

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