To appreciate dear Mr.Khakestar efforts i have converted his mt4 ATR formula to pine script. All credits goes to him. Plots You can enable plots from the settings tab and then disable five first plots from the style tabs (finally save as default). Then you can view the ATR result of each candle in the past: Green number is the HL range of the candle. ...
This is an experiment I did a while back ago. I often think On Balance Volume is a great indicator as trend direction and volume cannot lie. However, I bumped into a few problems. It is slow, doesn't show volatility and often time it is prone to chop. That's why I added ATR to the equation. Original OBV calculation src > 0? : +volume : src < 0?...
This is an indicator I created recently, with the mind of spotting where price might reverse and where the price is trending. You can see this as the primary indicator for your system, however, it is recommended you use this in conjunction with other confirmation indicators. This script focus solely on ATR or Average True Range. This indicator is the...
This is a testing project for fib levels to try out fivs on multi timeframes Thank you ShoujiSuzuki
This indicator includes a customizable mobile average with ATR levels
A lot of times I don't like my chart crowding with indicators, thus the reason for creating this script for my strategy QuarryLake. This script also comes with alert. Below is the explanation for QuarryLake I have also updated the script in version 4. This strategy consists of 3 indicators that I found works quite well together. Keltner Channel, Waddah...
This is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency. It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart. There are two components of this indicator. The baseline from Ichimoku cloud and volatility stop . baseline period = 26 volatility...
Average True Range for trailing stops, can be set to any timeframe independently of currently-displayed timeframe This indicator is derived from but more customizable. Many thanks to HPotter for the original version
Simple visualisation of Average True Range in Pinescript V4. The script has two modes: Running and Trailing. In Running mode, it continuously displays the ATR above and below the price. Specifically, it displays the High and Low price plus and minus the ATR times a user-supplied multiplier. This can be helpful for visualising volatility. In Trailing mode, it...
Useful in finding the percent change in the ATR. Google it and see how you can implement it. I use it in a zig zag indicator made by Ricardo Santos. Happy Trading!
ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).
This indicator consists of a fast and slow EMA (default lengths are 50 and 9 periods) and an upper and lower ATR band. When combined, this combination gives traders an accurate picture of both trend strength and direction. Users can modify the lengths of the fast and slow EMA , as well as the multipliers and length for the upper and lower ATR bands.
I'M JUST AN AMATEUR SO USE AT YOUR OWN RISK. Couldn't find a script for the ATRPERCENTAGE indicator for ProfitTrailer, so I made one. I believe it is working correctly from what the wiki says, but again, use at your own risk.
Slight modification on my previous script "ATR-Overlay" This script plots the max value of the ATR in a given period. Really straight forward, but has given me better stop-loss levels on trade entries.
1) Paints two lines based on previous bar's true range, has option for custom multiplier to make stop a factor of previous bar's TR. Used for quick identification of stop loss placement based on previous bar set-ups. 2) Identifies bar on close which has true range that is smaller than a period-chosen ATR criteria. Additionally, has an input for a raw "ATR Shave"...