OPEN-SOURCE SCRIPT
ATR Extension [QuantVue]
The Moving Average ATR Extension Indicator offers a powerful blend of two key market elements: the Average True Range (ATR) and Moving Averages (MA), capturing the dynamics of market momentum and trend direction.
This indicator is used to measure market extension from a user-selected moving average based on multiples of the Average True Range (ATR). By doing this, it becomes remarkably straightforward to spot strength at breakout points or exhaustion near the end of a run.
As a market breaks out the extension indicates a surge in buying pressure, while an extension after a sizeable move can often be an indication of market exhaustion. This extended position essentially reflects over-enthusiastic buying and could be an early warning sign of a potential trend reversal.
Breakout Strength:
Exhaustion:
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
This indicator is used to measure market extension from a user-selected moving average based on multiples of the Average True Range (ATR). By doing this, it becomes remarkably straightforward to spot strength at breakout points or exhaustion near the end of a run.
As a market breaks out the extension indicates a surge in buying pressure, while an extension after a sizeable move can often be an indication of market exhaustion. This extended position essentially reflects over-enthusiastic buying and could be an early warning sign of a potential trend reversal.
Breakout Strength:
Exhaustion:
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.