Useful in case you use Average True Range to determine Shows Stop Loss and Take Profit price levels. For example, if you want to put Stop Loss with a distance of 1.5xATR and Take Profit 2xATR for a long trade, put 1.5 as Lower Factor and 2 as Upper Factor. Lower and Upper prices will show price levels for SL and TP respectively.
This indicator is for calculating the volatility of any interval mTR (green line): TR is extended to calculate multiple bars at once with magnification setting. mATR (red line): ATR is extended to calculate multiple bars at once with magnification setting. dev (blue line): standard deviation If you turn on "divide source" in the settings, it will be the price...
Okay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together. The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" . The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the...
Here I have assembled 3 indicators, SuperTrend + ATR + Ema, to make them fit into one indicator to make things more organized and to save space. Check Script for original Authors of the used scripts. The UI or the indicator is far from perfect as my programming skills are very low :D
Standard candle pattern identifier like many already available, however this one allows to filter with ATR or RVOL to help remove false signals. Please comment any suggestions, questions or requests. *Disclaimer* some of the pattern logic was located throughout the internet and is not mine. I have simply cobbled it together and added the filters.
This script is useful as a guide to get into positions. The 1day ATR has upper and lower bounds, however its typically used to determine if a trend is long or short. And the trend reverses when the price action close crosses the directional trend limit. This script is different in that it always shows both the upper and lower ATR ranges. Also, its default time...
The Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands. How do I read this indicator? Is the blue band between and not touching the...
Roc & Atr Orders My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL. No indicator shows you the...
This script is a useful tool to use to identify the current market. It includes three other indicators: 1. ATR (combined with a SMA of the ATR) 2. ADX 3. RSI It allows you to filter for when the market is trending vs. when the market is ranging by using any of the three indicators. You can also combine them to find extremely good trends to trade, or if you're a...
This indicator allows you to improve your stop loss placement. It displays two lines based on the ATR ( Average True Range ), an upper line based on the current price + ATR and a lower line based on the current price - ATR. The ATR is multiplied by 2 but you can change this in the indicator settings.
Displays Candle Body size, Average True Range (ATR) and Price Range (PR)
This is a strategy, designed for long trends for stock and crypto market. Its made of ATR for volatility, EOM for volume and VORTEX for the trend direction. In this case on the ATR, I applied an EMA to check if current position is above the EMA -> bull trend, below ema -> bear trend For EOM I am using the positive and negative value scale, if its positive we are...
This script is an enhancement of ATR Indicator. It is used to determine the stop loss position by using the ATR indicator, in conjunction with the low of the candle. Formula = Stop Loss = Lowest(Lowest Length) - (ATR Multiplier * ATR (Smoothing, Length)) However, the user needs to manually identify the swing low for a better stop loss placement. Parameter...
Trend Surfers - Premium Breakout Strategy with Alerts I am happy today to release the first free Trend Surfers complete Breakout Strategy! The strategy includes: Entry for Long and Short Stoploss Position Size Exit Signal Risk Management Feature How the strategy works This is a Trend Following strategy. The strategy will have drawdowns, but they...
Average True Range in Percent to price - 2 customizable horizontal line: to be used as custom levels.
Normalized version of Quantitative Qualitative Estimation QQE: Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator. The main purpose is to determine and ride the trend as far as possible. So users can identify: UPTREND : when nQQE Histogram is GREEN (nQQE is above 10) DOWNTREND : when nQQE...
This script simplifies and gives more control to the user when using EMA with ATR in a bands form. The default values has to be changed according to your plan.
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...