Ehlers Instantaneous Trendline ATR Levels

kelmarin

Overview
This sophisticated technical analysis tool merges John Ehlers' cutting-edge Instantaneous Trendline methodology with a dynamic ATR-based bands system. The indicator is designed to provide traders with a comprehensive view of market trends while accounting for volatility, making it suitable for both trending and ranging markets. Works on all timeframes and chart types.

Key Features in Detail

1. Ehlers Instantaneous Trendline Implementation
- Advanced algorithm that reduces lag typically associated with moving averages
- Built-in volatility filtering system to minimize false signals
- Adaptive to market conditions through dynamic calculations
- Real-time trend direction identification

2. Multi-layered ATR Band System
- Hierarchical band structure with 18 total bands (9 upper, 9 lower)
- Color-coded visualization system:
Upper bands: Red gradient (darker = further from trendline)
Lower bands: Green gradient (darker = further from trendline)
Central trendline: Yellow for optimal visibility
- Customizable multipliers for each band level
- Independent visibility controls for each band

Configuration Options

Trendline Settings:
- Lower values: More responsive to price changes and faster reacting to break in ATR filter
- Higher values: Smoother trendline with less noise and slower reacting to break in ATR filter

ATR Configuration:

Period: Customizable from 1 to any positive integer
- Longer periods: More stable volatility measurement
- Shorter periods: More reactive to recent volatility changes
Filter Multiplier: Fine-tune volatility filtering
- Higher values: More filtered signals leading to less shift in bands
- Lower values: More sensitive to price movements leading to more band shifts

Practical Applications

1. Trend Analysis
Use the central trendline for primary trend direction
Monitor band crossovers for trend strength confirmation
Track price position relative to bands for trend context

2. Volatility Assessment
Band spacing indicates current market volatility
Width between bands helps identify consolidation vs. expansion phases
Price Extremes

3. Support and Resistance
Each band acts as a dynamic support/resistance level
Multiple timeframe analysis possible adjusting for different timeframe ATR

13 jam lalu

Nota Keluaran

Overview
This sophisticated technical analysis tool merges John Ehlers' cutting-edge Instantaneous Trendline methodology with a dynamic ATR-based bands system. The indicator is designed to provide traders with a comprehensive view of market trends while accounting for volatility, making it suitable for both trending and ranging markets. Works on all timeframes and chart types.

Key Features in Detail

1. Ehlers Instantaneous Trendline Implementation
- Advanced algorithm that reduces lag typically associated with moving averages
- Built-in volatility filtering system to minimize false signals
- Adaptive to market conditions through dynamic calculations
- Real-time trend direction identification

2. Multi-layered ATR Band System
- Hierarchical band structure with 18 total bands (9 upper, 9 lower)
- Color-coded visualization system:
Upper bands: Red gradient (darker = further from trendline)
Lower bands: Green gradient (darker = further from trendline)
Central trendline: Yellow for optimal visibility
- Customizable multipliers for each band level
- Independent visibility controls for each band

Configuration Options

Trendline Settings:
- Lower values: More responsive to price changes and faster reacting to break in ATR filter
- Higher values: Smoother trendline with less noise and slower reacting to break in ATR filter

ATR Configuration:

Period: Customizable from 1 to any positive integer
- Longer periods: More stable volatility measurement
- Shorter periods: More reactive to recent volatility changes
Filter Multiplier: Fine-tune volatility filtering
- Higher values: More filtered signals leading to less shift in bands
- Lower values: More sensitive to price movements leading to more band shifts

Visual Line Break Optionality
- Set band ATR distance for the bands to appear when bar close price is within set distance

Practical Applications

1. Trend Analysis
Use the central trendline for primary trend direction
Monitor band crossovers for trend strength confirmation
Track price position relative to bands for trend context

2. Volatility Assessment
Band spacing indicates current market volatility
Width between bands helps identify consolidation vs. expansion phases
Price Extremes

3. Support and Resistance
Each band acts as a dynamic support/resistance level
Multiple timeframe analysis possible adjusting for different timeframe ATR

UPDATE:
Added optional line break functionality to only show bands that are within a set ATR distance of last bar close.

Full Band Visualization


Line Break Example

13 jam lalu

Nota Keluaran

update snapshot