Using ATR value in my indicator

[sandman]

Hi.

And first of all happy holidays!

I built an indicator which draws vertically stacked numbers in my chart. The distance between the numbers is something I can adjust in my indicator by changing the "dista" value (see below) from for example 10 to 16, 24 or higher depending on market movements.

DrawText("collab5", false, "15", 1, Lows[0][1]-(dista*1)*TickSize, 0, uplr, new Font ("Arial", 7, FontStyle.Bold),StringAlignment.Near, uplr, Color.Empty, 0);
DrawText("collab6", false, "30", 1, Lows[0][1]-(dista*1.5)*TickSize, 0, uplr, new Font ("Arial", 7, FontStyle.Bold),StringAlignment.Near, uplr, Color.Empty, 0);
DrawText("collab7", false, "60", 1, Lows[0][1]-(dista*2)*TickSize, 0, uplr, new Font ("Arial", 7, FontStyle.Bold),StringAlignment.Near, uplr, Color.Empty, 0);

Now my question. Is there a simple way to use the value from the ATR indicator in my indicator to replace "dista" so that the distance practically adjusts itself based on market movement rather than me having to do it manually.

If so, could you provide a sample code/snippet with which I could work as I am not really a programmer.

sandman

[NinjaTrader_PaulH]

Hello sandman,

Thanks for your post.

Here is a simple example, using an ATR of 1 period (so it is the range of the bar).

DrawText("test"+CurrentBar, High[0].ToString(), 0, Low[0] - ATR(1)[0], Color.Blue); // draw the bar's high value text at the low price minus the ATR of the bar. You may want to experiment with other values of ATR period but a 1 period allows the text to remain that bars length below the bar. See attached example:

[NinjaTrader_PaulH]

Hello sandman,

Just a quick note, I originally posted an NT8 example and have since changed that for NT7, sorry for any confusion.

[sandman]

Thank you Paul. I'll experiment with what you provided. Looks good.

sandman