Hey everyone this is an exciting new script I have prepared for you. I was reading an old forex bulletin article some time ago when I came across this: solar.murty.net (or you can download the full bulletin with lots of other good articles here: www.forexfactory.com). You can already buy this for metatrader (www.mql5.com) so I figured to make it for free for...
This indicator builds on the idea of the Average True Range (ATR) as a way of measuring volatility. It uses two different ATRs to show a shift in market volatility. It is mainly composed of two moving averages of ATR. One fast moving, which looks back at the previous 5 periods. One slow moving, which looks back at the previous 21 periods. Both ATRs have been...
An ATR (Average True Range) can be used to position a trailing stop In this script, the true range of today is calculated based on the low of yesterday in order to be more stable. It only goes up, as a trailing stop should do. It only goes down when the trailing stop is reached by the price.
The calculation of this ATR is based on the low of yesterday in order to not change continuously during the day. You can use this indicator to create a trailing stop taking into account volatility on the nATRPeriod previous days. It also always go up as a trailing stop should. It only goes down the price reaches the trailing stop.
This is only for education purpose. Sell if the below line cross to above. But if the above line cross to below.
A combination of signals trigger this strategy. HMA crossovers (short period & long period) -Hull moving average- ATR (smoothed with HMA ) -Average true range- TSI -True strength index- The final close price is not known until right at the end of the bar. This means that the indicator is constantly “repainting” during the bar. You will see that indicators...
This method of trend analysis uses breakouts from the Average True Range to determine if an instrument is bullish or bearish.
This is an indicator we built to look for "Impulse" moves in the markets. It uses Average True Range (ATR) calculations. We use a fastATR setting of 1 to show the current candle/period's ATR. The black line is a second, slowATR, that we use to see whether the fastATR is higher than the slowATR. If so, the bar is green, if not, grey. The background is coloured by...
The TradersHelpDesk ATR Support & Resistance indicator identifies the support and resistance based on average true range for multiple timeframes. For more information, click here.
The THD Trend ATR identifies current trend (blue for uptrend, red for downtrend) and support and resistance using the average true range stop algorithms. The lowest point of risk is always at the ATR (either the plus signs or the dots). Simply wait for a bar in the direction of the trend to form (bullish for an uptrend and bearish for a downtrend).
This is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period. This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart, one...
This multi-timeframe 21-period average true range uses an improved calculation to accurately calculate the indicator's value with every new bar on the time frame your chart is set to. Previously the indicator only recalculated with every new update on the timeframe used in its security function. This means that this improved script plots the real, current value of...