1. Compares visible bars to specified ATR inputs. 2. Colors bars if the bar is less than or greater than the specified ATR multiples. Ex: if the bar has a range of 1/2 half the Daily ATR or less, color blue. if the bar has a range of triple the 4h ATR or greater, color orange. _______________________________________________ DM me interesting ideas, filters,...
Trading is a lot about risk management too. I created this script to help with setting and moving a proper stop-loss. It plots an area that is a result of adding and subtracting both average true range and something I call "false range". ►The Average True Range is calculated as the candle's high-low. If there is a gap, it is added to complete the result. ►My own...
Trend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame. It also works well with Crypto and Stock Markets. Trend Magic consists of two...
This is a my script for a super simple trading strategy - ZEST. Identify Zone of Value, Enter on pullback, place proper Stop Loss and set achievable Targets. So, to identify Zone of Value, I have EMA in my script. 20EMA generally acts as a dynamic Support/Resistance zone. For Buy Stop Loss, we have 1ATR below Swing Low. Then, we have SuperTrend for Trailing Stop Loss.
Another way of finding the average range of the bars using 1 period percentage change of the price and taking an average of them. It's given in percentages and the absolute value of the average can be shown when the option is turned on, or the average including the up and down bars can be shown. Perhaps an alternative way of looking at volatility or range of the...
FINALLY LEFT. the RANGE DAILY at the top RDH and the RANGE DAILY at the bottom RDL, is a PVSRA indicator used to calculate the daily ATR (Average True Range), with the help of my friend @ferhro, I was the one that managed to get closer to the original indicator for the metatrader 4. Let's the features. This indicator works as a support and natural resistance of...
This study include 3 types of stop-loss (ATR, High/Low and Pivot point) This script aimed to help new traders to respect risk management. Simply select which stop-loss you would like to use in the settings and the suggested stop-loss will be displayed on the chart for Long and Short positions. Please let me know in the comment if you would like me to add more...
This is an experimental idea to transform the original script created by @Fleite28 in a kind of SSL with volatility bands. @Fleite28 has made all script and he have all credits, I just give him this idea. I'm using this indicator to confirm: 1-potential bull trend (when you have 2x green lines with support) 2-potential bear trend (2x lines red -...
A popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic. I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the...
This idea is not rare. It is just a combination of 10 most well know and traditional Indicators to form one renovated indicator. There are Moving Average (MA), Volume (V), Bollinger Band (BB), Relative Strength Index ( RSI ), Stochastic RSI, Modified Stochastic RSI, Moving Average Convergence Divergence ( MACD ), Average directional index ( ADX ), Average True...
Features: - Powerful 2 calculation used in one. Average True Range Multiplier & Sensitivity. - Clearly shows trend direction, volatility , momentum & sentiment of any financial market. - Dynamic stop loss levels formed by the help of average true range calculation which are produce right from the long or short signal and does stretch until the opposite directional...
This script basically uses default ATR and then Multiplies with ATR multiplier (3 for crypto and 2 for forex) - you can change the values from the settings if you like Adds/subtracts from the current price And tries to find a bound on both side of price
VBand Strategy is simply used Vwap funcation and atr 14 for find the entry and exit points. This simple Strategy.
The indicator is used to gauge the short term volatility of the instrument relative to its long term volatility. The green columns of histogram represent lower short term volatility relative to long term, whereas Red columns of histogram represent Higher short term volatility relative to long term. Higher the bar higher the strength of the signal. This indicator...
FIRSTLY, Here are a few who have influenced my pinescripting immensely recently: @JustUncleL @BigBitsIO @TheArtofTrading @QuantNomad @SquigglesNiggles and many many many more. Overview: > This indicator is a simple crossover of Moving Averages. > In addition I am using ATR rising as an indication for Trending Price. > The entry is made once the smaller moving...
This script will be featured in upcoming video ideas about catching liquidations spikes in cryptocurrencies. The script measures the unique size of each bar compared to the Average True Range (ATR) of the evaluation period. The evaluation period can be set in the inputs. The desired benchmark for what will be highlighted is also set in the inputs as a...
Inspired by the new version of the "Force Index" announced by Dr. Alexander Elder a few years ago - "Elder Force Index With ATR Channels". Unfortunately original version of script only works on MetaTrader platforms, so this is an attempt to implement this great idea on TradingView...
This indicator plots pivot points with support and resistance lines based on average true range (ATR). ATR is one of the best volatility and trading range predictors, so it can be very useful for finding confluence in any strategy.