ATR Trimmed Daily Volatility Context Open-Close AnchoredPurpose
This indicator provides daily volatility context using a trimmed Average True Range ATR. It helps you assess whether todays movement is compressed, normal, or expanded — without predicting direction.
Key idea
Price movement is meaningful only relative to typical volatility. ATR describes what is normal for the instrument; it does not forecast highs-lows.
How it works
ATR Trim is calculated from the last N completed daily candles (default 5).
The script optionally removes extreme daily ranges (Trim used) to reduce distortion from abnormal spikes.
Bands are projected from a selectable Anchor:
Open (todays daily open) — intraday session context
Close (previous days close) — swing-multi-day context
TRIM
Arms Index TRIN [DM]Hello colleagues""
Here I share today Arms Index!!!
-Avalilables settings and options:
- Switcheable Index NASDAQ and S&P
- Switcheable Alerts "crossover, crossunder, change and main ones"
-Fill Color Customizables
-Signal Color Customizables
-Signal Smooth Customizable
Enjoy!!!
Arms Index (TRIN)
The Arms Index (TRIN) is a market breadth oscillator that was developed by Richard Arms. It is also known as the Trading Index, hence the abbreviation TRIN. It relates advancing and declining stocks to their respective volume flows by dividing the Advance/Decline Ratio by the volume ratio. When it rises the market is said to be weak and vice versa. The value 1 is key and crossing it generates a signal. A value above 1 indicates declining stocks have the upperhand in the volume flow and vice versa. The indicator can be used to spot overbought and oversold situations and is best used in combination with other analysis techniques.
