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Average True Range (ATR)

[JL] n Bars Average True RangeI just want to use 1-hour ATR on a 5-min chart, but I don't want to use the security function to get 1-hour ATR. I don't know if there is a similar script but I decided to change a little from the original ATR source code. Just change tr function to n_true_range function: math.max(ta.highest(high,n) - ta.lowest(low,n), math.max(math.abs(ta.highest(high,n) - close ), math.abs(ta.lowest(low,n) - close ))) Here is the comparison image from a 5-min chart with the nATR and a 1-hour chart with the original ATR.
Penunjuk Pine Script®
oleh Jesse.Lau
TR High/Low meterInteresting take for a velocity and trend analysis indicator, I call it The TR high/low meter. First it will find the highest high and lowest low based on X bars back. Now comes the twist, instead of storing these lowest or highest prices, we store the TR (true range) into the appropriate array (one array for lowest and one array for highest). Finally, we sum up these two arrays for highest TR's and lowest TR's and subtract each other to get the difference, Hench, see who is stronger. In the end we plot the difference into the indicator we have here. The plot is colored with gradient color in which bright color emphasizes the movement is strong and weaker color emphasizes the movement is getting weaker. Basically this indicator shows us the asset trend direction and strength. Awesome! ==Colors and Bar Colors== Green: Up Trending Light Green: Weakening up trend Red: Down Trending. Light Red: Weakening Down Trending. ==Notes== Bar coloring is enabled on this chart! Supports EMA smoothing (disabled by default) Like if you like and Enjoy! Follow for more upcoming indicators/strategies: www.tradingview.com
Penunjuk Pine Script®
oleh dman103
9
8X Trend ATR SAR Dingue V58X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5. 8x indicator into 1 : 2x ATR indicator - 3x Trend indicator - 3x SAR indicator Trends are helpful to spot reversal and support resistance, especially on bigger time frames. This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to not clog the screen. Each trend is also color-coded to visualize quickly the position of the price compared to it. You can customize lengths, adjust line sizes, have the start of a new trend marked with a circle, fill in colors. 'Tool tips' explain other settings and if you have any questions, feel free to ask in the comments below. Thank you for the feedback and check all my ‘Dingue’ indicators.
Penunjuk Pine Script®
oleh CryptoDINGUE
4
Signal Table - AutoFib - SMA - EMA - RSI - ATR - VolWith this indicator you can add a table on top of your chart. What's in this table? On which graph you open this table, the indicator data at the selected time of that graph are written. In the image below, you can see the table in the upper right. You can also see two EMAs above the chart in this indicator. You can adjust their length. You can add automatic fibonacci retracement levels to the top of the chart. In this way, you can see the Fibonacci levels on the chart and determine the support resistance. If the price is above the Fibonacci level, it will appear green on the chart, and red if below. You will understand as you use it. It turns red if the RSI is below 30 and green if it is above 70. Likewise, if the price is above the moving averages you have set, it appears as green, and if it is below it, it appears as red. You can hide and activate the EMA and Fibonacci levels above the chart. For example, you can get the ETH chart while the BTC chart is open in front of you. I think you will understand everything clearly from the settings tab below. Please support me. I hope you will be satisfied using it.
Penunjuk Pine Script®
oleh only_fibonacci
427
Trade Helper [Trading Nerd]Position Size Calculator / Lot Size Calculator Disclaimer: I do my best to avoid wrong calculations and bugs. I provide this indicator without warranties of any kind. You bear all risks associated with the use of this indicator. Inputs: Market: Adds a name tag to the Table to keep track of the trades. Entry Price: The entry Price of the Position. Entry Time: The entry Time/Candle of the Position. If Stop Loss Type is 'ATR' or 'HH/LL' the Value for this is calculated by this Candle. Stop Loss Type: Changes the Stop Loss Type. Direction: Define if the trade direction is 'Long' or 'Short'. Has no effect on Stop Loss Type 'Custom'. For this you can just set the Stop Loss below/above the Entry Price . ATR Multiplier: Multiplies the ATR Value by this number. Has only an effect on Stop Loss Type 'ATR'. HH/LL Lookback Length: Lookback length for determine Highest High/Lowest Low value. Has only an effect on Stop Loss Type 'HH/LL'. Custom SL Price: The Stop Loss Price if the Stop Loss Type is set to 'Custom'. Risk Reward Ratio: The Risk is multiplied by this number to determine the Take Profit Price. Balance: Balance Amount and Currency Contract Size: The Position Size is divided by this number. E.G. in Forex one Lot is 100.000 Contracts. Change this Value depending on your Broker and Market. Risk in %: Percent that is risked of the Balance for one Trade.
Penunjuk Pine Script®
oleh Trading_Nerd
3
ATR Bands with QQE [LM]Hello traders, I would like to present you ATR Bands with QQE. This indicator is different than my other indicators I used QQE oscillator as an entry indicator, and atr bands I have used as an exit indicator. You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target There are two modes that takes, first is static mode that gives you lines with 1st, 2nd target profit and in red color stop loss. Second mode has static first target and trailing stop loss Settings: Genreal settings - basic setting of source for atr bands, line settings, First atr bands setting Second atr bands setting QQE settings Cheers, Lukas
Penunjuk Pine Script®
oleh lmatl
5
Stochastic + Keltner Channels for ScalpingSimple arrow indicator, indicating the direction go the next slight movement. This indicator will work on any time frame or market. How does this indicator work? It will use Stochastic and Keltner Channels to detect potential reversals depending on the frequency you choose in the indicator's settings. The higher the frequency, the fewer candles will be used in the calculation. When to use this indicator? It will work better in higher time frames for low volatility indicators. You can mix with other indicators like RSI or ADX. This way, you will be able to check if the time selected frame has enough volatility to move the price enough to cover the spreads and fees of your broker. When to exit the trade after the signal from this indicator? A good target would be for 1x ATR value and stop-loss 2x the ATR value. Doing trailing stop will reduce your risk and secure some profits, but make sure to use values for possible fakeouts Can this indicator be used alone as the main source of entry signal for the trades? You can use it alone, but I recommend mixing with other trend-based indicators, like Moving Averages, so you get the best results. Since it's for scalping purposes, small moments, and reversals, it doesn't have the trend filter, but it can work trading in favor of a significant trend as well this is a better version of my other script Scalping Arrows
Penunjuk Pine Script®
oleh ThiagoSchmitz
9
Trailing Stop AlertsThis script is designed as an ATR-based trailing stop tool to assist in managing open positions. Once you're involved in a profitable trade, if you add this script to your chart you'll be prompted to select a bar to begin trailing from. You can then adjust the candle lookback distance for swing high/lows (7 by default), the ATR multiplier (1.0 by default), and the direction to trail (Long/Short). You can also adjust the ATR period in the settings menu if you want to (14 period by default). Once the script is added to your chart, it will begin drawing your trailing stop and you can then set up alerts. Alert Options: Any alert() function call : Will trigger an alert for both conditions (trailing stop updated, trailing stop hit) Alert Conditions : Trailing Stop Update will trigger whenever the stop is updated, Trailing Stop Hit will trigger whenever the stop is hit. Note: the alerts will only fire once per bar close and the trailing stop will not update on realtime bars.
Penunjuk Pine Script®
oleh ZenAndTheArtOfTrading
20
ATR Bands with vortex indicator [LM]Hello traders, I would like to present you ATR Bands with vortex indicator. This indicator is different than my others I used not that known vortex indicator as a entry indicator, and atr bands I have used as a exit indicator. You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target There are to modes that takes, first is static mode that gives you lines with 1st, 2nd target profit and in red color stop loss In the static mode you can also turn off extending line he price reach the level: Second mode is tracking atr first band with candle offset of your choosing: The trailing functionality is not working 100% but I as thinking to share it anyway and see maybe some feedback and meantime I will fix the trailing behavior. Settings: Genreal settings - basic setting of source for atr bands, line settings, First atr bands setting Second atr bands setting Vortex setting Cheers and Happy Xmas, Lukas
Penunjuk Pine Script®
oleh lmatl
6
Supertraders ATR-RangeThis script calculates the ATR 5 periods daily of previous day and various percentages (5%, 7,5% and 10%) of it that we use to evaluate a possibility to try a break-in of a level. This percentages are expressed in points, ticks and a value in dollars for every contract. Questo script calcola l'ATR daily 5 periodi del giorno precedente. Calcola anche varie percentuali di esso, in particolare 5%, 7,5% e 10%, utily per verificare lo sforamento in caso di break-in di un livello. Questi valori sono espressi in punti, ticks e valore in dollaro per contratto.
Penunjuk Pine Script®
oleh fabrimele
1
Supertrend - Ladder ATRThis is a supertrend with slight twisted concept which can be very benefecial in strong trending markets to reduce stop loss distance and exit slightly quicker. ⬜ Concept ▶ When the instrument is trending up, regular ATR shows high values if there are big green candles. This affect the stoploss distance in regular supertrend which leads to wide stops or delayed lagging. When you are in long trade, what matters for stoploss is how much a negative candle can move within bar. Hence, using ATR derived only based on red candles is more beneficial for trailing stops on long signals. Same applies to short trades where using ATR derived from only green candles is more efficient than overall ATR. ▶ ATR will be minimal when the volatility is less and ATR will increase with volatility. That means, once you are in trade, the trailing of stoploss also will vary based on ATR (or volatility). With regular ATR and supertrend, chances of stop loss distance widening is high with increased volatility even though stoploss levels will not move down. This again poses the risk of higher drawdown during trade closure and also keeps in the trade during ranging market. To avoid this, the second trick we are using here is only to reduce the atr stoploss difference when in trade. That is, when in long trade and negative candles ATR is increasing, we will not consider that. We will consider the new ATR only if it is lesser than previous bar ATR. Effect of these changes on the trending market is quite visual. Lets take example of USDTRY Settings are quite simple and does not vary much from regular supertrend settings.
Penunjuk Pine Script®
oleh Trendoscope
60
Average True Range NormalizedIntroduction This simple script is the normalization of the common ATR indicator. The utility in normalization, in this case, is the contextualization of the absolute movements of the ATR compared to the previous candles. Not finding an indicator that reflected my needs, I created it and decided to make it available to the community. The oscillator is fully based on the original ATR indicator, once normalized it varies its values between -50 and +50 and has a moving average based on it. I added alarms: - crossing of horizontal levels (default +40 -40) - crossing of the moving average Settings ATR period : like a normal ATR indicator, the number of candles on which the ATR calculation is based Smooth : like normal ATR indicator, type of moving average to smooth true range values Normalization Period : Number of candles on which ATR normalization is based, it takes the maximum and the minimum values in the last N candles and creates the value -50 and +50, between these two values normalize the others. MA Period : Period of MA based on ATR, this MA can be used like moving level to find the moment of low volatility Type : Kind of MA, you can choose only between 3 types ( SMA, EMA, WMA ) Horizontal Lines Value : high and low level for high and low volatility Alert on crossing Horizontal lines : enable alerts on crossing Horizontal Lines Alert on crossing MA : enable alerts on crossing Moving Average How to use ATR isn't a directional indicator, but volatility is fuel for markets, low ATR values indicate quiet moments or consolidation movements, otherwise high ATR values indicate selling or buying pressure. A reversal in price with an increase in ATR would indicate strength behind that move. The problem, for me, with normal ATR is that often the values have to be contextualized with older values, on the contrary being normalized you can: - catch small fluctuations, and anticipate the decline; - contextualize the values without having to look at the history in the previous candles So: - under MA or horizontal line the volatility is too low, it would be advisable to consider not opening positions; - over MA line the volatility is raising and a reversal in price with an increase in ATR would indicate strength behind that move; Remember that every statistical indicator is just a tool, it needs to be understood to be used at its best, otherwise, it is just a colored line in a colored graph.
Penunjuk Pine Script®
oleh pascorp
2
Modified ATR Indicator [KL]Modified Average True Range (ATR) Indicator This indicator displays the ATR with relative highs and relative lows statistically determined. What is ATR: To know what ATR is, we need to understand what a True Range (TR) is. - TR at a given bar is the highest distance between points: a) High vs low, b) High vs Close, and c) Low vs Close. - ATR is the moving average of TRs over a predefined lookback period; 14 is the most commonly used. - ATR can be mathematically expressed as: Why is ATR Important ATR often used to measure volatility; high volatility is indicated by high ATR, vice versa for low. This is a versatile tool allowing traders to determine entry/exit points, as well as the size of stop losses and when to take profits relative to it. This is an opinion: Through observations, I have noticed that ATR can also indirectly tell us the levels of relative volume. This intuitively makes sense because in order to increase length of TR, high amounts of capital inflow/outflow is required (graphically speaking, high volume is required in order to make lengths of candle sticks longer). The relationship between ATR and relative volume should hold unless the market is illiquid to the extreme that there is no relationship between volume and price. That said, knowing the relative lows/highs of ATR is very useful. It can be interpreted as: - Relative high = high volatility, usually during sell offs - Relative low = decreasing volume, could indicate price consolidation Instead of arbitrarily determining whether ATR is high/low, this indicator will determine relative highs and relative lows using a simple statistical model. How relative high/low is determined by this model This indicator applies two-tailed hypothesis testing to test whether ATR (ie. say lookback of 14) has greatly deviated from a larger sample size (ie. lookback of 50). Assuming ATR is normally distributed and variance is known, then test statistic (z) can be used to determine whether ATR14 is within the critical area under Null Hypothesis: ATR14 == ATR50. If z falls below/above the left/right critical values (ie. 1.645 for a 90% confidence interval), then this is shown by the indicator through using different colors to plot the ATR line.
Penunjuk Pine Script®
oleh DojiEmoji
3
Bjorgum Key Levels Key Levels Aims to capture 3 of the most significant points in price action Breakouts False Breakouts (Traps) Back Checks These 3 points ​​alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these setups Breakouts Breakouts can bring significant rallies as the market swings one sided after key levels are breached. This entry type can bring large trending runs to follow. Momentum is on your side, but the trade off is a higher entry. False Breakouts Also known as a bull trap or a bear trap, false breaks can lead to swift and significant reversals and potential for a large and sudden move to the opposite side. When a key level breakout fails to hold, parties entering to capitalize on the "epic breakout" can get left holding the bag forcing them to exit at a loss, which can double the force of pressure. Traps can bring swift gains from good entry prices. However, price is still in a larger trend against you so momentum is weak, so price action is susceptible to roll over. Backchecks Back checks are pull backs in trend that find middle ground to the 2 areas already described. Both momentum and entry price are decent, but risk is defined as a key level has flipped offering entry with stops below demand, or above supply. Combining these 3 methods helps to diversify risk, understand trend development, and bring steady gains. This script helps to identify these points to traders with analysis of key levels, price structure, and trend direction, while providing visual signals and alerts for when they occur. Best of luck in your coding and trading and thank you for your support
Penunjuk Pine Script®
oleh Bjorgum
542
ATR Trailing Stop v5 One of my favorite stops is the ATR Trailing Stop-loss. With the implementation of PineScript v5, a code update was needed in order to use this stop/exit-strategy with newer strategy scripts. A timeframe selector that was not featured on earlier versions is also included. This new version can be plugged into PineScript v5 strategies, and also has a simpler/cleaner code that makes the code logic easier to follow than prior versions. For those that are unfamiliar with the ATR Trailing Stop exit strategy; it is a trailing stop that takes into account the volatility of the underlying asset by trailing the price series using a multiple of the Average True Range (ATR). In practice I’ve found that this exit can be more effective than traditional trailing stops, depending on the volatility of the asset you are trading. More detailed information can be found at www.stockopedia.com How do I use it? Add it to your chart as an indicator to visualize where the ATR stop would be with your settings. Or, copy and add it to your v5 strategy with the addition of a ta.crossunder(close, ATRTrailingStop) or ta.crossover(close, ATRTrailingStop) function. Special thanks and credit to HPotter who coded an earlier version of this in pine!
Penunjuk Pine Script®
oleh TradeAutomation
10
Logarithmic Average True Range In the case of ATR, it is known to represent volatility by simply expressing the price range. However, of course, as the value of an asset increases, it is not possible to simply compare it with a numerical value, so the ATR was expressed as a percentage using a logarithmic function. This way we can see the volatility even with ATR. ATR의 경우 단순하게 가격의 범위만을 표현하여 변동성을 나타낸다고 알려져있습니다. 하지만 당연하게도 자산의 가치가 높아질수록 단순하게 수치만으로 비교할 수는 없고, 따라서 로그함수를 사용해 %로 ATR을 표현하였습니다. 이렇게 표현하면 ATR로도 변동성을 볼 수 있습니다.
Penunjuk Pine Script®
oleh Dicargo_Beam
13