This Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for...
Hi traders, As you know, ATR trailing stop is very popular indicator. So I decided to make my own one. The logic is simple. If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period otherwise, put a SL at OPEN + ATR value of that time period. Stay safe ^^
Displays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't...
⬤ INDICATOR KEY ⬤ INTRODUCTION The indicator has presented as a table to show the perspective result of different indicators to help the user identify the status of the price if it’s extended or not. The table starts with the ATR section, which gives out a better look to compare the current day’s candle wide versus the average candle wide of a certain length...
The stop loss indicator is a single trade indicator to manage risk It tells you the size of the trade you should enter and lets you know where to place stops and when and where to trail your stops to based on ATR, given your entry price and risk amount. Set the date and time once trade is active and once ATR moves above(long)/below(short) entry price you can...
TREX or TPA indicator by SOTTI // The basic version and start of this indicator was set by my good friend Mr Shayan Karimi and we have room to learn from him and this text is here to make this happen. //This indicator is taken from Master Saeed khakestar indicator //Trigger price action -- True Range Exchange -- TPA - TRex how to use this indicator: this...
-If the FAST EMA is ABOVE the SLOW EMA then the ATR Stops will be placed x amount BELOW the lows -If the FAST EMA is BELOW the SLOW EMA , then the ATR Stops will be placed x amount ABOVE the highs -If the fast ema is above the slow ema but they are sloping down, their colours will turn to a shade of blue -If the fast ema is below the slow ema but they are...
Allows you to define session range with local time and its timezone, also can toggle session visibility any day of week.
This Indicator automatically calculate Spinning , Standard , Long and Spike Candles.
Hey traders! This script calculates the average volatility of trading sessions. You specify a start date, an end date, and a session time (eg. market open, Asian session etc) The script then scans through all the price action on your chart and calculates the average price movement during that specified period. What Is It For? I created this script for my own...
I am playing ATR now. This script is made to watch ATR and highest-lowest. ATR is calculated by max of short period and long period. Up cloud is lowest price plus ATR * Multi Dn cloud is highest price decrease ATR* Multi Higher and higher cloud means up trend Lower and lower cloud means dn trend
This is a indicator I built on the basis of RSI and price action. It is the Cappuccino-Indicator. It calculates back the estimated price based on RSI with some optional filters and gives signals for buy and sell. it works as follows: - the current RSI value is calculated back to a estiamated market price - shoutout to some developers who made some functions...
I always use ATR to set up SL. So I changed ATR Labels to calculate risk dollars based on curency pairs. I can not update old ATR Labels title. So I publish this new script. This pip value calculation is based on USD currency.
Just need to see ATR values when I made Renko script. So I make this script. I like number 5 so I use 5 to timeframe. Calculate ATR for the following: - Monthly - Weekly - Daily - 5-Hour - 1-Hour - 12-Min Label default displayed on right side and middle of 50 bars.
Script to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move. Credit to LonesomeTheBlue for the base code on position sizing and...
The Dynamic Support And Resistance Indicator was created by Mike Siroky (Stocks and Commodities pgs 14-18) and this is a handy indicator that will show you useful support and resistance levels no matter how the stock is doing right now. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red. Let...
This indicator is for calculating the volatility of any interval mTR (green line): TR is extended to calculate multiple bars at once with magnification setting. mATR (red line): ATR is extended to calculate multiple bars at once with magnification setting. dev (blue line): standard deviation If you turn on "divide source" in the settings, it will be the price...