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Average True Range (ATR)

AltTrader Scalp & SwingPLEASE READ THIS DESCRIPTION TO SAVE TIME AND UNDERSTAND WHAT THIS INDICATOR DOES Hello Tradingview World! It is us, AltSignals, and we're back after many months of working on a new indicator script for anyone to try! Just message us and we will add you to test it out, all feedback is highly appreciated as we're always trying to improve the script. This script was designed for Cryptocurrency pairs as we know how much you guys love crypto! However it will work on other markets. The AltTrader script uses various indicators in conjunction with each other but the most prominent one is ATR! ATR is truly a secret indicator that many people do not incorporate into their trading strategy, but I have found it to be a great tool for finding trends and predicting tops! I have made sure to include Take profit 1, Take profit 2 and Stop loss options for AltTrader, this means you can adjust the settings based on percent, make sure to use the measure tool in TradingView if you need to find out the percentage gap of a move. Generally with Crypto pairs the percent moves will be more so 1-5% and with forex much smaller 0.1-0.5% for example. I have also added in a Power setting which allows you to increase or decrease the number of alerts, the default is set at 100, but you can do it as low as 1 and as high as 500 or more. But remember too many alerts is a curse and over trading may be detrimental to a users performance! This indicator was designed to work in both small and high timeframe scenarios allowing you to catch small scalp moves and large trend moves, my personal favourite timeframes 15m and 1hr for lower timeframes and 4hr to 1D for higher timeframes. I know it can be tempting to use a low timeframe like 1 minute but there will be a lot of choppy indirection. You don't want to be sitting there all day trading, jumping in and out of every move there is. I hope this has cleared up some questions for the indicator and I will be happy to answer more over Tradingview Private Messenger if needed. Please message me if you would like a trial as I am looking for feedback as well. Thank you AltS Team
Penunjuk Pine Script®
oleh Altsignals
25
Up-Down RangeHere is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls with the intent of pocketing premiums on expiry. Parameters are as explained below: Range Type : Different range types are tr (True Range) , close (difference between close prices), highlow (difference between high and low of candle) Period : ATR Period Moving Average Type : Moving Average Type for calculating ATR. Two additional types - min and max are added which calculates lowest and highest range in last n bars HideFullAtr : Hides combined ATR if checked.
Penunjuk Pine Script®
oleh Trendoscope
2
ATR+(Experimental) I often use the ATR as a volatility filter, to get better entries or to just get a quick understand of the volatility when screening different stocks. With this indicator you can use the ATR in a few different ways: -- Dynamic ATR -- To get more comparability between stocks I use a dynamic/normalized ATR, so I've experimented with two different methods. ATR% can be calculated using John Forman’s approach called Normalized ATR (ATR / Close * 100). Or it can be calculated using what I call "Non Forman", where the normalization happens to the true range and not to the average true range (average of (TR / Close * 100)). I think this method is "cleaner", though the difference between the two is minimal. For more on this see www.macroption.com You can chose between normal ATR (not normalized), Forman's normazation method, and "Non-Forman" normalization. -- Smoothed ATR -- I originally used an ATR on a higher timeframe to get an idea of the overall volatility. But with higher time frames you always end up lag (or repainting issues when combining into an indicator). So I expertimented on smoothing the true range, by including several bars into the calculation. I most trade on a daily time frame so to my default "smoothing" is calculating the true range based on the last 5 days. This pretty much equals how the weekly TR would be calculated, but since it updates daily we get a different result. You can chose between displaying the standard ATR, the smoothed ATR or both. -- Thresholds -- To make it more clear and visually more appealing I added thresholds and I'm plotting warning zones for low volatily. -- Moving Average Method -- I think the best results from ATR comes when using RMA. But since I wanted to experiment with different options, the moving averages can be done using RMA, SMA, EMA, Hull MA, or WMA.
Penunjuk Pine Script®
oleh Algoswing
1
MA Candles - SupertrendConverting strategy to indicator for those who want to use it as indicator. Concepts are simple : Calculate moving average of High, Low, Open and Close and make candles of them Calculate ATR and derive supertrend on the moving average candles. Alerts : Bullish Crossover - When supertrend turns green Bearish Crossover - When supertrend turns red Bullish Pullback - Supertrend is green but close crossed below Moving average high Bearish Pullback - Supertrend is red but close crossed above Moving average low Original strategy is present here:
Penunjuk Pine Script®
oleh Trendoscope
3
ACD - Layers 1 & 2An implementation of layers 1 & 2 of ACD strategy of Mark Fisher, based on the book "The Logical Trader". This implementation contains: - OR lines - A lines - C lines - Daily pivot range - N days pivot range - Customizable trading session Strategy summary (This implementation): There is 3 main concepts, each of which represented as two price levels. 1) OR (Opening Range) is the range of the first bar of the day. In other words, it's just "high - low" of the first resolution (usually 15min.) bar of the day. So, OR lines (Aqua color) visualize this range for each trading session. As stated by Mark Fisher in his book, this range is meant to be a statistically significant range such that when price breaks the range in one direction, This is UNUSUAL to infiltrate it again AND break through the other side. So we can consider it as a potential enter signal (long or short). 2) A lines (Blue color) are drawn above and below OR lines with difference of 10% 0f 10 days ATR. The ATR period and the A multiplier (usually 10%) is customizable. 3) C lines (Gray color) are drawn above and below OR lines at 15% of 10 Days ATR difference. These lines help detecting AND confirming that UNUSUAL situation. These concepts form the layer 1, which you can spot potential opportunities with it. There is also two ranges to show support and resistance levels based on price action of previous days. Pivot ranges are rolling ranges that calculated and last for each day separately. They only differ in calculation period - the first one is daily (yellow color area) and the other one (red color area) is customizable, but is usually 3 or 5 days. Each range consists of two price levels, valid for the current trading session. One of theme is HL2 , and the other one is "HLC3 + abs(HLC3 - HL2 )". These two ranges, "Daily pivot range" and "N days pivot range", form the layer 2, which you can see them as two dynamic support/resistance ranges - one for daily, and the other for N days. They help filtering opportunities spotted from layer 1. There is 2 more layers in the ACD strategy, which is omitted in this free implementation.
Penunjuk Pine Script®
oleh QuantCT
32
Uber Risk Buddy: Position Size, SL & TP System [UTS] Uber Risk Buddy Position Size, Stop Loss & Take Profit System The ultimate system to calculate trading risk on any asset e.g.: 💰 Futures ₿ Cyptocurrencies 💵 Forex 📈 Stocks 📉 Fund 🗂️ Indices Position Sizing De-risk possible drawdown by calculating a proper position size: Define your risk percent based on your net value Freely define your account currency (Base currency) Trade any asset by the customisable Base/ Quote currency factor Optional trading fee calculation Show all information on a customisable data screen Stop Loss Minimise trade risk by calculating your stop-loss: Percent, Value and Delta display from current price ATR based (Average True Range, modifiable) Adjustable Two visual representations on chart Automatically and real-time calculated on screen Take Profit Multiple take-profit levels to ensure not giving back to the market. Up to 3 take profit levels to define ATR based (Average True Range, modifiable) Easily customisable Two visual representations on chart Automatically and real-time calculated on screen Indicator Access: 1 week trial available (DM for access)
Penunjuk Pine Script®
oleh UberTradingSystems
9
Tiger's Stop - Objective Stoploss SettingTrading 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 False Range just candle bodies. It is calculated as an absolute value of (close-open). Then, Rolling Moving Average is applied on both ATR and False Range to get an idea of how far the price tends to extend out of pure randomness. The resulting value is multiplied by a Multiplier. The next step is an addition of the values to the higher part of the candle for short or a lower part of the candle for long. I prefer a special calculation instead of using Highs and Lows because it allows for more precise observation and stop-loss set up for less wicky symbols. ►►►Additional Functions • Smoothing - applies moving average to candles from which range distance is calculated. This can achieve good smoothness but higher values will lead to using outdated price in the SL area calculation. • Enable/Disable - if you know the direction you are going to trade in, it is good to disable either Long Stop-Loss Area or Short Stop-Loss Area. Just untick it in the settings. ►►►Actual Using Before using the script to set your stop-loss, check the historical data and find a similar set-up. Is it engulfing you use as a trigger? Find a different one and see how effective the stop-loss based on the ATR*multiplier was. This will help you to optimize Multiplier value. A picture shows such research for a double top. You should find more similar situations to find an optimal value. Ultimately, the indicator still gives you relatively a lot of freedom with your stop-loss settings (at least, that is with the default settings). You need to decide how loose stop-loss you want to set. Average True Range is the furthermost part which will make for a very large stop-loss, on the other hand, False Range might be triggered by a villainous wick unnecessarily. The choice should depend on the specific symbol you trade and perhaps, you will learn to set stops regardless of the indicator. A little trick : 1. You can set the loosest stop-loss and set a TradingView alert for where the tightest stop-loss would be. When alerted, you will get the opportunity to reconsider the trade and take a loss if needs be or exit if a candle closes there. 2. Mostly for cryptocurrencies, you can set the tightest stop-loss to protect yourself from sudden spikes. If the price approaches it slowly enough, you can move the stop-loss to the further part of the channel. This is not the same as moving stop-loss indefinitely with hopes of reversal if you plan it from the beginning and a smaller stop is meant to protect you from spikes that are not always predictable and drive to both directions. ►►►Advantages of trailing stop-loss I usually stick with my original stop-loss instead of moving to break even. If my entry area was functional support once, it may work again and is, therefore, still a good entry zone. But an alternative used to preserve as much of the profit as possible is trailing. Trailing is setting a specific value in ticks or a calculation of how to move the stop-loss whenever the price moves in your favor. Tiger's Stop can be used this way. Whenever there is a new value as the candle closes and that value is closer to price than your current stop-loss, you can update it. However, if it moves further from your price, don't change the stop-loss. This can be a little tiresome if you do it manually but should be worth the effort. I usually start trailing only after the price moves significantly in my favor that allowing it to return to the entry price would not make any sense. ►►►Feedback and optimization The preview chart is chosen entirely at random and the values are not optimized for any specific symbol. If you opt to use it, let me know which values work for you the best, I'll add it to the description when I update it. Furthermore, let me know if you think any sort of alerts would be useful with my script. Good luck!
Penunjuk Pine Script®
oleh OrcChieftain
4
Enhanced Sigma by Cryptorhythms [CR]Enhanced Sigma by Cryptorhythms Sigma is basically the deviation of returns compared to past returns. The higher / lower the value, shows you how deviated from the average this current bars returns are. While perhaps not usable as a complete strategy for entering and exiting, its still quite useful and informative. It can give interesting signals as to potential turning points in price action. This behavior extends to all timeframes both long term and short term. There are 2 overbought and oversold zones here inthe indicator. One is adaptive and will change to suit the shorter term giving your extra potential signals. The fixed line shows a general level for highly deviated values. Expect a number of further totally unique and exclusive sigma based indicators from CR in the near future. We are nowhere near done extracting the alpha from this concept! How to get access This indicator is available for standalone purchase or as part of our subscription options. Please see my signature or profile for more information or contact me directly.
Penunjuk Pine Script®
oleh theheirophant
14
Decomposed Average True RangeThis simple script decomposes the value of the Average True Range into a bullish component and a bearish component . The script supports two plotting methods; Mirrored and Two Lines . If Mirrored is chosen, the indicator plots the bullish component as a positive number, and the bearish component as a negative number. If Two Lines is chosen, the indicator plots two lines, both of positive values. It is the same data, just visualized differently. Side note: This is very similar to how the strength (average gain) part in the Relative Strength Index calculation works. However, the RSI uses the realized range (close - previous close) rather than true range. If we were to use the bullish component of the ATR as the average bullish gain part in the RSI calculation, and the bearish component of the ATR as the average bearish gain part in the RSI calculation, we would get very similar (but not equal) results to the standard RSI. This shows how the ATR and the RSI are related to each other.
Penunjuk Pine Script®
oleh lejmer
Trend Surfers - Fix Stoploss PickerThis 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 indicators for the stop-loss in this script. Hope you like it!
Penunjuk Pine Script®
oleh TrendSurfersSignals
9
MA, MATR, ChEx | All in One - 4CR CUPIn trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful. This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management indicators: MA - Moving Average MATR - Moving Average less Average True Range ChEx - Chandelier Exit This script further enhances the setting so that you can easily customize the indicators. For both the Moving Averages and the Moving Average less Average True Range , you can pick a type of moving average which suits your analysis style from a list of commonly used moving average formulations: namely, EMA , HMA , RMA, SMA and WMA , where EMA is selected as default. The Moving Average less Average True Range , MATR, is usually applied as a reference to set the initial stop loss whenever opening a new position. The abbreviation, MATR, is picked, so that this can serve as a handy reminder of a very good trading framework as elaborates as below: M – Market Structure A – Area of Value T – Trigger R – Risk Management (aka. Exit Strategy)
Penunjuk Pine Script®
oleh earnSmartAlgorithm
4
Mandelbrot's RangeThis uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range. The Length parameter defines how wide the range is and how frequently the price will reach the range bands. The Vol Length Parameter defines how far back to weight volatility, and how responsive the bands will be in response to volatility
Penunjuk Pine Script®
oleh jwammo12
7
Game PlanAllows to automatically calculate Ali Persembe's, who wrote Teknik Analiz mi Dedin? Hadi canım sende, Game Plan Strategy What is the Game Plan? ALi Persembe claims, If you create a game plan for yourself and follow this plan completely, you will increase your profit. He tells that there is nothing to surprise you when your stop loss and target is determined in your game plan. You only need to follow this plan. How does the indicator work? It helps you determine your target price and stop point according to the risk ratio you will take on the basis of Atr, regardless of technical analysis. The minumum risk ratio is calculated as 0.5 Atr according to the Atr 14 period. It automatically sets 2.5 times the risk ratio taken as your target price. With this game plan, the more goals you reach by trading, the more profitable you will be. By reaching your target at risk ratio, you can determine the stops that follow the Allows you to move your stoploss level up. You can change your risk rate in the indicator settings. Minumum risk rate can be 0.5 maximum can be 5. You can also choose the time you want to calculate your game plan from the indicator settings. Calculation can be made up to 100 bars before. This indicator helps you to set a target on the basis of ATR, independent of technical analysis.
Penunjuk Pine Script®
oleh CagriBozok
Position Size Calculator - Fixed Dollar amount, point value ATRHello Traders, A very simple code aiming to help you size your position, according to the amount you're accepting to lose AND the current volatility ATR. Why is it important to use ATR size ? Markets move, and having fixed stoploss values will lead to getting stopped out in case of volatility increase. You also need to size down your trades in case of more volatily, as more points can be taken or lost. Hope it helps! Kudos to Racer9 who inspired me :
Penunjuk Pine Script®
oleh IFT-System
1