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Average True Range (ATR)

Smart Swing Strategy for StockSpecial indicator for stock but you can try another instrument. Trend determination and buy/sell signals are using the Alligator system from Bill Williams . To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA , EMA , WMA ). Please leave comments if any opinions. Disclaimer The content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation, or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from financial or other professional advisers regarding the suitability of the trade for you. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.
Penunjuk Pine Script®
oleh Hampeh
6
Average Gain/LossThe Average Gain/Loss indicator adds rays to show what the average trade range might be for a given ticker based on historical data. Green lines are the average gain, red lines are the average loss and black are the overall average. Darker lines are the average of close to close and lighter lines are the candle averages. Default average is set to 50 bars but is adjustable in settings. Have modification ideas for this indicator? Just let me know and I will gladly consider them!
Penunjuk Pine Script®
oleh CaptainBrett
RT - GANNGann relied heavily on geometrical and numerical relationships and created several tools to help with his work. Among these tools are the Square of Nine, Square of 144, and the Hexagon. The Square of Nine, or Square as we will refer to here, can be constructed in at least two ways. The static Square has the number 1 at the center and the dynamic Square has the historic low of the time series in the center. EVERY 1 HOUR GANN CHANGE THE LAVELS ,ITS BASED ON CLOSE PRICE
Penunjuk Pine Script®
oleh PRAKASH_SYSTEMS
7
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
Hull MA TimeFrame CrossOverHello traders, Although this strategy is configured on BTCUSDT , with a changing of settings, it can be used on any trading instrument. Here it is seen, on the 2 hour chart. With Trading Fees included in result (adjust to suit your exchange fees). The candle crossover is set to Daily timeframe. That means that the Candle crossover is going to see if todays price is higher than yesterdays price. If user sets this to 4 hour timeframe, the candle crossover would be when price is higher than the the price 4 hours ago... The rest is simple, a moving average to detect direction, and an ATR StopLoss (if activated). There is StopLoss and Take Profit settings which work by percentage. The periods of the moving average and the ATR can be adjusted, as can the TP % and SL %. The price is taken from the CLOSE or the OPEN or OHLC4 etc... which can be changed in the settings. OPEN is recommended to avoid repainting. The moving average also has selectable types (ALMA,SMA,EMA,WMA,HMA) So if the Price is above the Moving average, and the moving average is above the alternate timeframe value, then a buy is activated if the Price is below the Moving average, and the moving average is below the alternate timeframe value, then a sell is activated if OPEN is selected as Price source, then the alternate timeframe value would be the OPEN of the alternate timeframes candle. the values are all plotted on chart so user can see what is happening when what crosses over what, and then what changes when settings are adjusted. Have FuN! if this strategy brings you the epik win...... .... dont forget about me seaside420 ❤️
Strategi Pine Script®
oleh SeaSide420
16
Double SupertrendThis strategy is based on a custom indicator that was created based on the Supertrend indicator. At its core, there are always 2 super trend indicators with different factors to reduce market noise (false signals). The strategy/indicator has some parameters to improve the signals and filters. TECHNICAL ANALYSIS ☑ Show Indicators This option will enable/disable the Supertrend indicators on the chart. ☑ Length The length will be used on the Supertrend Indicator to calculate its values. ☑ Dev Fast The fast deviation or factor from one of the super trend indicators. This will be the leading indicator for entry signals, as well as for the exit signals. ☑ Dev Slow The slow deviation or factor from one of the super trend indicators. This will be the confirmation indicator for entry and exit signals. ☑ Exit Type It's possible to select from 4 options for the exit signals. Exit signals always take profit target. ☑ ⥹ Reversals This option will make the strategy/indicator calculate the exit signals based on the difference between the given period's highest and lowest candle value (see Period on this list). It's displayed on the chart with the cross. As it's possible to verify in the image below, there are multiple exit spots for every entry. ☑ ⥹ ATR Using ATR as a base indicator for exit signals will make the strategy/indicator place limit/stop orders. Candle High + ATR for longs, Candle Low - ATR for shorts. The strategy will show the ATR level for take profit and stick with it until the next signal. This way, the take profit value remains based on the candle of the entry signal. ☑ ⥹ Fast Supertrend With this option selected, the exit signals will be based on the Fast Supertsignal value, mirrored to make a profit. ☑ ⥹ Slow Supertrend With this option selected, the exit signals will be based on the Slow Supertsignal value, which is mirrored to take profit. ☑ Period This will represent the number of candles used on the exit signals when Reversals is selected as Exit Type. It's also used to calculate the gradient used on the Fills and Supertrend signals. ☑ Multiplier It's used on the take profit when the ATR option is selected on the Exit Type. STRATEGY ☑ Use The Strategy This will enable/disable the strategy to show the trades calculations. ☑ Show Use Long/Short Entries Option to make the strategy show/use Long or Short signals. Available only if Use The Strategy is enabled ☑ Show Use Exit Long/Short Option to make the strategy show/use Exit Long or Short signals (valid when Reversals option is selected on the Exit Type). Available only if Use The Strategy is enabled ☑ Show Use Add Long/Short Option to make the strategy show/use Add Long or Short signals. With this option enabled, the strategy will place multiple trades in the same direction, almost the same concept as a pyramiding parameter. It's based on the Fast Supersignal when the candle fails to cross and reverses. Available only if Use The Strategy is enabled ☑ Trades Date Start/End The date range that the strategy will check the market data and make the trades HOW TO USE It's very straightforward. A long signal will appear as a green arrow with a text Long below it. A short signal will appear as a red arrow with a text Short above it. It's ideal to wait for the candle to finish to validate the signal. The exit signals are optional but give a good idea of the configuration used when backtesting. Each market and timeframe will have its own configuration for the best results. On average, sticking to ATR as an exit signal will have less risk than the other options. ☑ Entry Signals Follow the arrows with Long/Short texts on them. Wait for the signal candle to close to validate the entry. ☑ Exit Signals Use them to close your position or to trail stop your orders and maximize profits. Select the exit type suitable for each timeframe and market ☑ Add Entries It's possible to increase the position following the add margin/contracts based on the Add signals. Not mandatory, but may work as reentries or late entries using the same signal. ☑ What about Stop Loss? The stop-loss levels were not included as a separated signal because it's already in the chart. There are some possible ideas for the stop loss: ☑⥹ Candle High/Low (2nd recommend option) When it's a Long signal from the entry signal candle, the stop loss can be the Low value of the same candle. Very tight stop loss in some cases, depending on the candle range ☑⥹ Local Top/Bottom Selecting the local top/bottom as stop loss will give the strategy more room for false breakouts or reversals, keeping the trade open and minimizing noises. Increases the risk ☑⥹ Fast Supertrend (1st recommend option) The fast supertrend can be used as stop-loss as well. making it a moving level and working close to trail stop management ☑⥹ Fixed Percentage It's possible to use a fixed risk percentage for the trades, making the risk easier to control and project. Since the market volatility is not fixed, this may affect the accuracy of the trades ☑⥹ Based on the ATR (3rd recommend option) When the exit type option ATR is selected, it will display the take profit level for that entry. Just mirror that value and put it as stop-loss, or multiply that amount by 1.5 to have more room for market noise. EXAMPLE CONFIGURATIONS Here are some configuration ideas for some markets (all of them are from crypto, especially futures markets) BTCUSDT 15min - Default configuration BTCUSDT 1h - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1 BTCUSDT 4h - Length 10 | Dev Fast 2 | Dev Slow 4 | Exit Type ATR | Period 50 | Multiplier 1 ETHUSDT 15min - Length 20 | Dev Fast 1 | Dev Slow 3 | Exit Type Fast Supertrend | Period 50 | Multiplier 1 IOTAUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 2 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 OMGUSDT 15min - Length 10 | Dev Fast 1 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 VETUSDT 15min - Length 10 | Dev Fast 3 | Dev Slow 4 | Exit Type Slow Supertrend | Period 50 | Multiplier 1 HOW TO FIND OTHER CONFIGURATIONS Here are some steps to find suitable configurations select a market and time frame enable the Use This Strategy option on the strategy open the strategy tester panel and select the performance summary open the strategy configuration and go to properties change the balance to the same price of the symbol (example: BTCUSDT 60.000, use 60.000 as balance) go back to the inputs tab and keep changing the parameters until you see the net profit be positive and bigger than the absolute value of the drawdown in case you can't find a suitable configuration, try other timeframes Since the tester reflects what happened in the past candles, it's not guaranteed to give the same results. However, this indicator/Strategy can be used with other indicators as a leading signal or confirmation signal.
Strategi Pine Script®
oleh ThiagoSchmitz
6
Swing Indicator (Tune for FCPO)Special indicator for FCPO (Crude Palm Oil Futures - Bursa Malaysia Derivative) traders but you can try another instrument. Trend determination and buy/sell signals are using the Alligator system from Bill Williams. To get maximum profit, the system uses the trailing stop technique using Average True Range (ATR) with 4 moving average options (RMA, SMA, EMA, WMA). Please leave comments if any opinions. Disclaimer The content is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to your investment objectives, financial situation, or needs of yourself or any other specific person. Before committing to a trade or investment, please seek advice from financial or other professional advisers regarding the suitability of the trade for you. If you do not wish to seek such financial advice, please consider carefully whether the product is suitable for you as you alone remain responsible for your trading gains and losses.
Penunjuk Pine Script®
oleh Hampeh
13
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
NRTH_ Momentum AlgoA NRTH_ Premium Momentum Based Strategy Comes included with the Premium Package. Indicator features Built-In Alerts Visual Risk Management Customizable Entry Rules 4 Levels of confirmation Customizable MA Ribbon Usage Tips This strategy is designed for Swing Trading and Intra-Day timeframes (1hr+) The Algo uses multiple levels of convolution and confirmation before entering a trade, best used in trending markets. utilizing Stochasitc RSI overbought and oversold levels and an 1-3 MAs to identify trends and pullbacks. Maximize the accuracy of your signals with up to 4 levels of convolution before entering a trade, filtering out the noise as much as possible. You can set the overbought and oversold levels required for trade entries and set the types of MAs and how many are required to confirm trending momentum Works for all markets with the ability to customize to your liking. Backtesting Results Info Period 23/9/2021-15/11/2021 Entry value at $1000 with 10x leverage Binance standard taker fee rate (0.04%) ATR Exits : 1:2.66 RR ------------------------------------------- Disclaimer Copyright NRTH_ Indicators 2021. ​‍NRTH_ and all affiliated parties are not registered as financial advisors. The products & services NRTH_ offers are for educational purposes only and should not be construed as financial advice. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. NRTH_ and all individuals associated assume no responsibility for your trading results or investments. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Strategi Pine Script®
oleh NRTH_Indicators
1
Fractal Breakout Strategy [KL]Fractal Breakout Strategy This strategy will enter into a Long position when (a) bullish fractal is formed, combined with (b) ATR is relatively low. Trailing stop loss is set based on ATR. Bullish fractal pattern : A bullish fractal pattern looks like this: It is formed when lower-low has reached a local minimum followed by higher-lows. By default, this script plots the pivot point (the local minimum) using green crosses. This line will extend to the right until the next bullish fractal is formed. The local minimum pivot point is considered as key level of support. For long position entry, entry price must be higher or equal to it. On the other hand, a bearish fractal pattern looks like the exact opposite. Reversing the logic, it is a local maximum indicated by higher-highs followed by lower-highs. This is shown by red crosses. Why use ATR to confirm entry : Two reasons to enter when ATR is low: 1) Since trailing stop loss is based on ATR, entering the market when ATR is low means risking less for potentially high reward. 2) Low ATR often signals price consolidation. There are two favorable scenarios, either: (i) period of accumulation, or (ii) bull flag, ideally followed by breakout. Determining whether ATR is low : Relative lows are quantified out by using the method in my other script: Modified ATR Indicator The method involves applying two-tailed hypothesis testing to assess whether ATR (ie. by default lookback period of 5) has greatly deviated from a larger sample size (ie. lookback period of 50). Assuming ATR is normally distributed and variance is known, then test statistic (z) can be used to determine whether ATR5 is within the critical area under Null Hypothesis: ATR5 == ATR50. If z falls below/above the left/right critical values (ie. 1.645 for a 90% confidence interval), then ATR is determined to the relatively low/high respectively. For the purpose of assessing whether ATR is low, the left-tail is the main focus. Profit taking : Profits by default are taken over 3 levels based on risk to reward ratio (ie. 1R, 2R, 3R). When a target is met at each level, strategy will close out one third of current position size. Remainders (ie. already taken once at 1R, but not yet reaching 2R or 3R) will eventually be closed at the trailing stop loss price.
Strategi Pine Script®
oleh DojiEmoji
7
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
[BTCUSD] Folow Trend & Autotrade Binance FutureCommission = 4 USD per order >>> check in the Performance Summary Slippage = 2 ticks - I see from Kodify (tradingview.com/pine-wizards) Risk: 1% per trade >>> check at the "List of trades" * Auto trade BINANCE FUTURE by Webhook + Pro, Pro+, Premium Tradingview user. 1. H3 timeframe: Supertrend indicator. - Long when the closes candle is above Green line. - Short when the closes candle is below Red line. 2. H1 timeframe: Keltner channels indicator. * Keltner channels setting: + Length = 50 + Multiplier = 1 + Use Exponential MA: true + Band style: Average true range. - Long when the close candle crossover the Keltner Upper - Short when the close candle crossunder the Keltner Lower 3. Entry rule: Open Buy: Supertrend & Keltner channels are Long. Buy when closes candle crossunder Basis line and closed above Lower Keltner Open Sell: Supertrend & Keltner channels are Short. Sell when closes candle crossover Basis line and closed below Upper Keltner 4. Stoploss is moving the trend. Stoploss = Height of Keltner * 1.2. 5. Not repainting 6. Overview result backtesting: a. Longterm: Every 2 years 2018 to 31/12/2020 2017 to 31/12/2019 2016 to 31/12/2018 2015 to 31/12/2017 2014 to 31/12/2016 2013 to 31/12/2015 2012 to 31/12/2014 b. Midterm: every year. 2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016 2014-2015 2013-2014 2012-2013 c. Shorterm: 2020 to today 13/11/2021
Strategi Pine Script®
oleh dinhchien
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
UT Bot v5This is an update by request, on someone elses strategy! well more of an edit, but also update from pine v4 to pine v5. //CREDITS to HPotter for the orginal code. The guy trying to sell this as his own is a scammer lol. //Edited and converted to @version=5 by SeaSide420 for Paperina The UT Bot v5 is Movinging average (the MA) vs ATR (the ATR is in the form intended for use as trailing stop loss (ATR_TSL)) Entry logic: buy = the MA > ATR_TSL and Price > ATR_TSL sell = the MA < ATR_TSL and Price < ATR_TSL The Moving average type can be changed in the settings: options = "SMA", "EMA", "WMA", "HMA"] the edits i made were: convert to v5 Add TP and SL Add Buy only or Sell only option Add MA type option Add price source option Draw MA and ATR_TSL on-chart
Strategi Pine Script®
oleh SeaSide420
20
Zero-Lag HMA Backtest v1.0 [loxx]This backtest compares profitability differences between a regular Hull Moving Average ( HMA ) and a Zero-Lag HMA . Things to know: - Profit is set to 1 ATR - Stop-loss is set to 1.5 ATR. - This is by design to test the minimum the profit scenario (1 ATR up) and the worst case loss scenario (1.5 ATR down) for momentum trading. Actual results vary when additional TPs are added How to use: - Adjust settings and dates to view different market structures and position scenarios - See results in the "Strategy Tester" pane Conclusions and what's next - Modifying HMA does very little to improve backtest results - Future iterations will include options to backtest various moving averages with additional modifiers to improve profits and avoide losses Comment below or send a PM with questions, comments, observations, or concerns.
Strategi Pine Script®
oleh loxx
2