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Want indicator to show arrow when ATR > x or ATR < x.

I'm simply trying to learn so I picked an MT4 default indictaor - Average True Range - and tried to create something that will place an arrow on it when it goes below a certain level. Tried to set a checkmark when ATR(5) < .0002 and got the attached pic. Here's the TIB calc: iATR(NULL,0,5,i)<0.0002. Tried numbers between low of .0001 and high of .001 and all have the same look. ATR only draws 1 line so I'm sure that mode=0 is correct. But that's all I'm sure of! Every new candle has a checkmark on it, either at the top or bottom of the separate window.

Another problem is this: the "separate window" range (below the chart) changes when changing timeframes so once I get it running I guess I'd have to create an indicator for each timeframe?

Help, and Thanks!

~D~
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Here's the mol code:
<?xml version="1.0" encoding="UTF-8"?><molanis><root><myCell id="0"/><myCell id="1" parent="0"/><myCell id="2" parent="1" style="roundImage;image=/com/mygraph/swing/examples/images/STARTbig.gif" vertex="1"><basicBlock as="value" code=" this is the code for start " description="Location=In a separate window" label="In a separate window" name="START" template="start.ftl" type="START"><Date as="expireDate"/><Array as="variables"><add as="Show Indicator" value="In a separate window"/></Array></basicBlock><myGeometry as="geometry" height="80.0" width="80.0" x="380.0" y="20.0"/></myCell><myCell id="4" parent="1" style="roundImage;image=/com/mygraph/swing/examples/images/myTI.gif" vertex="1"><basicBlock as="value" code=" this is the code for INDICATOR " description="Calculation=iATR(NULL,0,5,i)&amp;#0600.0002" label="Orange - DRAW_ARROW" name="INDICATOR" template="INDICATOR.ftl" type="INDICATOR"><Date as="expireDate"/><Array as="variables"><add as="Advanced Period" value="0"/><add as="Bottom Scaling Limit" value="-100.0"/><add as="Advanced Formula" value="None"/><add as="Indicator Width" value="2"/><add as="Calculation" value="iATR(NULL,0,5,i)&lt;0.0002"/><add as="Indicator Style" value="DRAW_ARROW"/><add as="Indicator Color" value="Brown"/><add as="Top Scaling Limit" value="100.0"/><add as="Line Type" value="STYLE_SOLID"/><add as="Arrow Symbol" value="SYMBOL_CHECKSIGN"/></Array></basicBlock><myGeometry as="geometry" height="60.0" width="60.0" x="370.0" y="180.0"/></myCell></root></molanis>

Next time please upload your .moi file
The current version does not manage conditions like iATR(NULL,0,5,i)<0.0002. The indicator calculation is an expressions that returns a value (the result of a calculation) like iATR(NULL,0,5,i)*0.9+Close[i]
The initial idea was that people create the indicator in the strategy builder and then they apply the conditions in the strategy builder. So you can create an indicator equal to iATR(NULL,0,5,i) and then in the strategy builder, you will compare it to 0.0002
However we have lots of requests to include conditions in the indicator builder which we will do in the next release (6 months from now)

Ahhhsooo. My take on MT4 EAs vs MT4 Indicators is that indicators report the results of comparisons, can draw conclusions, and report info and EAs can do all of that but can also take action on that information. But my take on Molanis EAs vs Molanis Indicators is that TIB indicators can only draw/present and then the SB EA uses that info to calculate results that can lead to the EA taking action. Thanks.



So does this mean that TIB will now create indicators that more closely resemble MT4-style indicators that can draw conclusions, make comparisions, and report on those results? Hope so.

Does it follow that if the only output of an MT4-created indicator was text printed to the screen, TIB can also create an indicator capable of doing that? I bet you're gonna say something like this: "yes, but that will take an understanding of MT4 code...."

Thanks for the quick reply and clarity.

~D~

I cannot tell you all the features that will be included in the next release. We have not defined them yet. For sure you will be able to create conditions.