OPEN-SOURCE SCRIPT
Diupdate ATR Multiples Plotted
Inspired by @jeffsuntrading and @Fred6724's ATR% multiple from 50-MA.
There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.
The essence is the difference between price and the selected moving average, measured in ATRs.
There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.
The essence is the difference between price and the selected moving average, measured in ATRs.
Catatan Rilis
Added custom ATR LengthCatatan Rilis
Added optional 0-lineCatatan Rilis
Tidied and clarified some of the code.--Currently working on an 'Adaptive Mode', which will calculate and plot the upper and lower values based on the selected average's historical turning points
Catatan Rilis
Added quick reference table to show the dollar value of your chosen Value High and it's upside percentage. Comes in handy when scanning or evaluating Pre/Post-Market moves. See ATRx6 value and AMZN pre-market value of ~$170 on 02/02/2024 for example.
Catatan Rilis
ChartCatatan Rilis
Added option to allow percentage based calculations, which is how Jeff Sun's indicator is calculated. Some changes and clarification to the table, see the tooltips for guidance.
Catatan Rilis
Chart updateCatatan Rilis
Fixed typos in tableCatatan Rilis
Updated to Pine v6
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