Script:                RTT ATR DTR

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Purpose:            Create a window with Average True Range (Line) and Daily True Range (Histogram).
The Average is calculated as Exponential Moving Average over the DTR bars.
To save time, it is recommended to set the global chart parameters to "calculate visible points only". This means the script calculates and draws only for the days visible in the current window. (see "Parameters" below)

If you zoom out and wish to expand the plot, right-click inside the window, select the script's Properties, and click "OK". That will redraw the plot for the larger time frame.

Please note that plotted scripts work on any time scale. Substitute "tick" (week, hour, month...) for "day" where appropriate.

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References:        Investopedia: ATR
IncredibleCharts: ATR
IncredibleCharts: Stop loss
D.Guppy

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Parameters:       Period = number of days, over which ATR is calculated

Global (File) Parameter Setting for Chart to draw plotted scripts faster:

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Example

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