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SAD - Session-Based ATR Deterministic[NeoButane]
SAD - ATR with a utility tune-up.
Similar to ATR, SAD finds the true range of an asset. Unlike ATR, which is a rolling indicator, SAD is session based, simliar to VWAP. This gives it a great advantage over a regular ATR, where one must determine if their ATR level is statistically significant or not. SAD makes it easy for you to analyze statistical anomalies without having to pull out a calculator.
By breaking up ATR in sessions, it is able to be determined when price has moved an abnormal amount in a session deterministically. Noise is removed by a moving average filter, the weighted moving average. This was chosen over the EMA?SMA because an EMA would be to quick to change and the SMA would be too slow.
The ribbon's colors, purple, is active when volatility is rising. It is black when volatility is falling. You can see that this is directionally neutral.
Options to configure:
Common examples of usage:
If you want to use this indicator, add it to your favorites and you can find it there.
Similar to ATR, SAD finds the true range of an asset. Unlike ATR, which is a rolling indicator, SAD is session based, simliar to VWAP. This gives it a great advantage over a regular ATR, where one must determine if their ATR level is statistically significant or not. SAD makes it easy for you to analyze statistical anomalies without having to pull out a calculator.
By breaking up ATR in sessions, it is able to be determined when price has moved an abnormal amount in a session deterministically. Noise is removed by a moving average filter, the weighted moving average. This was chosen over the EMA?SMA because an EMA would be to quick to change and the SMA would be too slow.
The ribbon's colors, purple, is active when volatility is rising. It is black when volatility is falling. You can see that this is directionally neutral.
Options to configure:
- Timeframe
- Ribbon dipslay
- Session break display
[*}Bar coloring
Common examples of usage:
If you want to use this indicator, add it to your favorites and you can find it there.
Skrip dilindungi
Skrip ini diterbitkan secara sumber tertutup dan anda boleh menggunakannya dengan bebas. Anda boleh menyukainya untuk menggunakannya pada carta. Anda tidak dapat melihat atau mengubah kod sumbernya.
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My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.