PROTECTED SOURCE SCRIPT
ATR Spikes
Volatility Spike Indicator (ATR based)
I read some of Adam Grimes' work and found he uses a tool called sigma spikes, his concept is to mark significance to daily bars that have returns over x standard deviations of a 20 period average of returns.
I have adapted this idea for intra day trading. I've used an ATR and marked significance to any bar with a range greater than 4 standard deviations of the ATR, this results in attention being drawn to bars with strong momentum behind them and often results in strong follow through.
Additionally, I have included a MA crossover (fast/slow) filter to the indicator, this removes any signals that are counter- short term trend/momentum.
This is a powerful tool for momentum traders as it clearly shows points when the market has significant volatility.
I read some of Adam Grimes' work and found he uses a tool called sigma spikes, his concept is to mark significance to daily bars that have returns over x standard deviations of a 20 period average of returns.
I have adapted this idea for intra day trading. I've used an ATR and marked significance to any bar with a range greater than 4 standard deviations of the ATR, this results in attention being drawn to bars with strong momentum behind them and often results in strong follow through.
Additionally, I have included a MA crossover (fast/slow) filter to the indicator, this removes any signals that are counter- short term trend/momentum.
This is a powerful tool for momentum traders as it clearly shows points when the market has significant volatility.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.