Position Sizing w/ ADR&ATR TrackingScript 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 TheScrutiniser/GlinckEastwoot for ADR formula
-Nelgoth, best of luck
Average True Range (ATR)
MATR 4H Strategy - UpTradingEN // MATR 4H Strategy - UpTradin
Use 1:
This script is effective for all assets. Find out how to get the best performance. This indicator offers several possibilities:
- Only in TimeFrame 4H.
- The gray curve shows you the trend. You should not trade against it.
- Once the trend is established you can buy or sell according to the Buy and Sell sign.
- When the orange point (warning) appears you must remain attentive to a continuation of the movement or a reversal.
Use 2:
You can program limit orders using the green or red stripe. These are two bands that anticipate the high or low point of the price.
Legend:
- The gray line is an Ema 20 based on a Daily TimeFrame.
- The orange point means a continuation or a reversal.
- Buy means a buy zone.
- Sell means a sales area.
- The green curve allows you to program a limit order to buy.
- The red curve allows you to program a limited order to sell.
Operation:
This script works from an ATR programmable according to your needs and correlated according to an Ema. It also shows you the trend in a single one thanks to an Ema 20 based on Daily data.
FR // MATR 4H Strategy - UpTrading
Utilisation 1 :
Ce script est efficace pour la totalité des actifs. Découvrez comment obtenir le fonctionnement idéal. Cet indicateur offre plusieurs possibilités :
- Uniquement en TimeFrame 4H.
- La courbe grise vous indique la tendance. Il ne faut pas trader contre celle-ci.
- Une fois la tendance établie vous pouvez acheter ou vendre selon le signe Buy et Sell.
- Lorsque le point orange (warning) apparaît vous devez rester attentif à une continuation du mouvement ou d’un retournement.
Utilisation 2 :
Vous pouvez programmer des ordres limites grâce à la bande verte ou rouge. Il s’agit de deux bandes qui anticipent le point haut ou bas du prix.
Légende:
- La courbe grisée est une Ema 20 basée sur un TimeFrame Daily.
- Le point orange signifie une continuation ou un retournement.
- Buy signifie une zone d’achat.
- Sell signifie une zone de vente.
- La courbe verte vous permet de programmer un ordre limite à l’achat.
- La courbe rouge vous permet de programmer un ordre limité à la vente.
Fonctionnement:
Ce script fonctionne à partir d’un ATR programmable suivant vos besoins et corrélé suivant une Ema. Il vous indique également en une seule la tendance grâce à une Ema 20 basée sur des données en Daily.
Open Range Breakout with TSLThis ORB with TSL Indicator Session Time is Indian NSE and BSE Equity Market
This indicator Provide you 2 type Setup
Opening Range Plot Only for Observation
1st Range Breakout = Long
2nd Range Breakout = Short
How to work This Indicator?
When Market is Open This Indicator automatically Plot Opening Range High and Low,
if Market bullish & Candle Close above Opening Range high When This Indicator automatically Plot 1st Range High and Low if You Want to 1st Range High Plot Crossingup any Candle You can Also Add Alerts
if Market Bearish & Candle Close Below Opening Range Low When This Indicator automatically Plot 2nd Range High and Low if You Want to 2nd Range Low Plot CrossingDown any Candle You can Also Add Alerts
If you Have any Suggestion please mention here
Thank you so much
This Also Automatically start trailing SL on basis of ATR
Dynamic Support And Resistance [CC]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 me know if there are any other indicators you want me to publish!
Bonito's Indicator v1What Are Fibonacci Retracement Levels?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
3x SuperTrend Strategy (Mel0nTek) V1This is a triple SuperTrend based strategy for lower time frame trades such as day trades and scalping. I have not seen many strategies that combine multiple SuperTrends so I thought I would publish this one since I put it together and have been quite happy with the results. I have found through testing that the best results are on currency exchange markets such as Crypto or Forex on 1-15 min time frames.
The core idea was inspired by a youtube video put out by Trade Pro:
"Trade Pro - HIGHEST PROFIT Triple Supertrend Trading Strategy Proven 100 Trade Results"
I went ahead and set the defaults to the ones he uses in his video for anyone who wants to try a configuration similar to his. They work pretty well in general, however the EMA, SuperTrend ATR multipliers, and P/L ratio can be tuned/optimized to fit the timeframe/market desired. The video is quite good but not a required watch as I will explain below.
The 200EMA is used as a medium-term trend direction indicator.
- Price closing consistently above the 200EMA means that only long positions should be entered.
- Price closing consistently below 200EMA means that only short positions should be entered.
The 3 SuperTrend indicators should be used as direction confirmation for entries. Typically, price above SuperTrend indicates bullish movement, while price below SuperTrend indicates Bearish movement. However by itself, it is not a great indication to enter/exit positions in my experience. By combining 3 of them with slightly longer periods and increased ATR multipliers, we can get much stronger confirmation of trend direction/strength.
The way they are used in this strategy is such that:
- We only want to enter a position if at least 2 out of 3 SuperTrends are on our side.
- 3/3 SuperTrends on our side is the best case, since we are taking trades WITH momentum/price strength.
- The second farthest SuperTrend from entry price is used as a Stop Loss
SuperTrend being on our side is not the only requirement for an entry however. The probability of success is increased with SuperTrend, and a longer EMA on our side, but we want to be sure that we aren't getting in too late/after the movement has already happened.
So we use Stoch RSI to pick our entries where price is oversold/overbought and reversing. That means the Stoch RSI is above 80, or below 20, and our indication to enter the trade is when the 2 lines cross/begin reversing direction.
So with trend direction on our side, we can get really good entries at these oversold/overbought extremes, especially as it's reversing (Stoch RSI K and D are crossing). This allows us to use the SuperTrend as a support/stop loss on our entry since price should be above it.
Then we just target 1.5x our max loss so that even if we only win 50% of the time, we still make a profit.
The explicit rules of this strategy are as follows:
=== Rules ===
long only
- price above EMA200
short only
- price below EMA200
Stop Loss = 2nd SuperTrend line above (short) or below(long) entry candle
Profit = 1.5x SL/risk (Profit Ratio x Max Loss)
=== Entry Setup ===
LONG
- Stoch RSI below 20, cross up
- at least 2 SuperTrend lines below close
SHORT
- Stoch RSI above 80, cross down
- at least 2 SuperTrend lines above close
P.S. Special thanks to Trade Pro for producing so many quality videos, putting strategy claims to the test, and providing me with so many good ideas I apply to my own strategies.
[kai]mATRThis 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 volatility.
dev will be the same as BBW
このインジケーターは任意の区間のボラリティを計算するための物です
mTR(緑線) : TRを倍率設定で複数のバーをまとめて計算する用に拡張したものです
mATR(赤線) : ATRを倍率設定で複数のバーをまとめて計算する用に拡張したものです
dev(青線) : 標準偏差
設定で「divide source 価格変動率」をONにすると価格変動率になります
devはBBWと同じになります
[KL] Bollinger bands + RSI StrategyThis strategy is based on two of my previous scripts, one called “RSI14 + 10”; the other one called “Bollinger Bands Consolidation”. At its core, it combines the main setups from each of those two scripts but excludes the auxiliary features that were considered as experimental. This strategy will identify periods of squeeze, and then enter long during consolidation with a trailing stop loss set.
Primary indicator will be the Bollinger Bands. By comparing the width of the BBs with the ATR of the same lookback period (i.e. 2 standard deviations of the 20 recent closing prices vs ATR(20) x2), we begin to look for confirmation for entry whenever the standard deviation of prices is less than the ATR. This can be seen visually in the plots (i.e. default gray lines representing ATRx2 relative to BB center line).
Confirmation for entry will be the RSIs (slow-14, and fast-10). If both are upward sloping, then we assume prices are in an uptrend and may eventually break above upper band. RSIs are typically in mid-range when prices are consolidating, therefore no need to measure it.
Exits will happen in two cases, (1) when trailing stop loss hits, or (2) when RSIs signal that the instrument is overbought. No. 1 is self-explanatory. No. 2 happens, when RSI14 reaches above 70 (can be changed), followed by RSI10 catching up and surpassing RSI14.
NVME Support & ResistanceNVME Support & Resistance is unique compared to other S/R indicators out there because it provides users with automated analysis that can be done within a second and ours generate a highlight block rather than a solid line or dotted line and a highlight block is useful as it covers a bigger range compared to having dots and flat lines. Also, the zones will update corresponding to its lookback period, so if a new support or resistance is found then the block will move until that area is confirmed.
Best with higher timeframes!
This comes with all NVME scripts!
(JS) Interchanging ATR & VWAP BandsOkay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together.
The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP" .
The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the ATR Bands.
"Number of Bands" allows you to choose how many bands you'd like to be on display (you can choose 1-8).
"Use Expoential MA" and "Band Style" are more default parameters from Keltner Channels used to set up the ATR Bands.
The "ATR Bands" are just stacked Keltner Channels separated by 1 ATR each, whereas the "VWAP Bands" are separated by standard deviation just like the default script from Trading View.
In these example chart, you can see the weekly VWAP with 8 deviation bands and 5 ATR bands with Keltner Channels.
CRYPTO 3EMA Strategy with Take Profit & Stop Loss based on ATRSimple 3 EMA Strategy with plotted Take Profit and Stop Loss
Entry condition:
- Middle EMA cross above the Slow EMA
- Set take profit and stop loss exit conditions based on ATR Indicator
Exit condition:
- Fast EMA cross below the Middle EMA
Double Average True Range - Taylor V1Double ATR Line, Assist on Trend, Volume and Unnormal Price Movement.
- Fast Line ATR
- Slow Line ATR
1) Able to Change The ATR = Period
2) Able to Change The ATR = Moving Average Type
ATR Break on chartThis script is putting one of my old trading method, ATR Break, on chart.
It used to win many times in Dukascopy strategy contest a few years ago.
Pine script is quite easy to learn and very powerful. So I coded it to have a quick view for ATR break on chart.
The rule is simple:
- Current close - open / Previous ATR(5) > alertlevel (1.2), long signal
- Current open - close / Previous ATR(5) > alertlevel (1.2), short signal
The script will display label on the chart with the value of abs(close - open) / Previous ATR(5) to feel the strength.
I used to use the method on 5-min even 1-min chart. SL for 200 points and TP for 5-10 points
Average Trading Range Percentage
Average high/low trading range for the current timeframe.
Daily high/low trading range.
VixFixLinReg-StrategyThis idea came up while discussing about strategies with one of the trading enthusiast from tradingview community.
Strategy basically uses existing script of Vix Fix by Chris Moody:
VixFix is a great indicator for finding the market bottoms. But, sometimes it generates signal too early. But, we can apply linear regression on vix fix to find vix fix top to make timing much better.
Entry condition:
Wait for Vix fix bar to turn lime.
Once vix fix is turned lime, then wait for linear regression (shown below 0) to turn lime from green. This indicates VIX-Fix has started declining.
Go long once above two conditions are satisfied
Exit Condition:
ATR Based Stop
Applied only if linear regression is green - which means VixFix rising.
Note: This is ideal for identifying market bottom. May not yield good results on individual stocks.
Overall % of ATRThis ATR script is supposed to filter paranormal candles (too small or big) and calculate ATR and percent of average ATR using only average daily candles.
Rosebud Trend [DepthHouse]Rosebud Trend Indicator uses complex range calculations to easily detect trend changes, critical support and resistance levels, and even aid in spotting reversals. The Critical Support & Resistance Zones are plotted via the red and green cloud. This cloud not only visually displays the expected trend direction but often acts as major support and resistance zones. The outer band measures the expected range in which the assets trades within over longer periods of time.
Users can switch the ‘Trend Sensitivity’ between ‘Low’ and ‘High’ to increase or decrease the rate at which the cloud changes.
By altering the S/R Band Thickness users can furthermore increase or decrease the rate at which a trend changes by altering the thickness of the cloud. I prefer to keep these settings at 0.55 , 0.382, or 0.236.
The bar colors are generated by a combination of Rosebuds primary function and our ATR AUTO Oscillator base functions. Users have 3 bar color options to select from: Simple, Complex, and Off .
Simple: Bars colors alternate between shades of red and green based on the trend direction and the ATR Auto strength. Stronger the shade, the stronger the trend.
Complex: This adds a few extra variables to the script which generates a more complex bar color display. Using this option, Rosebud will generate light red bars in a bull trend if downward movement is strong and vice versa in a bear trend. It also will generate a purple bar if the candle successfully closes above or below the Top & Bottom Range Bands; We call this a range break , and it could be an early sign of strong upward or downward movement.
Off: In case you like to keep things even simpler, this option hides all overlay bar colors.
Sample of Complex Bar Colors:
Bull, Bear signals along with Up and Down arrows are too based on a combination of our trend direction and ATR Auto Oscillator calculations.
Users have the option to adjust both bar color, and shape generation settings via:
Smoothed Signal Option: Turns advance smoothing on or off. On will reduce signal noise, while Off could land you that perfect bottom signal with a lower success rate.
Candlestick Length: Default factor for bar color and shape generation, higher the number the fewer signals that will generate.
Candlestick Smoothing: Default smoothing for the Candlestick Length
Signal Lookback: Adjust the factor at which Bull, Bear, Up, and Down. Lower this to 2 for more signals.
Cross Thresholds: The lower this number the easier it is for ‘Bull’, ‘Bear’, and over extended signals to generate; see image below:
*Users also have the option to hide all signal visuals via the 'Shapes' On/Off option.
Users have multiple built in Alerts to choose from:
Bullish Trend Change: When the critical cloud switches to Bullish
Bearish Trend Change: When the critical cloud switches to Bearish
Upper Range Break: When the price action closes above the Range Top
Lower Range Break: When the price action closes below the Range Bottom
Light Bullish Cross: Early bullish signal; also displayed by up arrows by default
Light Bearish Cross: Early bear signal: also displayed by down arrows by default
Verified Bullish Cross: Occurs when a Bull signal is generated.
Verified Bearish Cross: Occurs when a Bear signal is generated.
*Past performance is no guarantee of future results*
Baus BandsThe Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands.
How do I read this indicator?
Is the blue band between and not touching the green or red clouds? The condition is ranging.
Is the blue band touching the green cloud? The condition is a bullish trend.
Is the blue band touching the red cloud? The condition is a bearish trend.
The trend trading rules are exactly the same as the default Neapolitans, but include an extra condition.
A trend has started once 2 conditions are met:
Price has entered either trending cloud.
The 21 EMA ATR band in blue is within the same cloud.
With those conditions met, if you expect the trend to continue, trade pull-backs to the blue band in the direction of the trending cloud.
Isn't this just a 21 EMA trading pull-backs strategy?
No. The 21 EMA alone is not sufficient in my opinion to define a range or trend technically. Always buying the 21 EMA pull-back, especially in a range, is not a great strategy by itself unless you've already identified price as trending. Baus Bands adds that trend identification.
Why make this?
Baus Bands show the conditions I personally use for catching trends and identifying ranges with these indicators, and shows only the information I use.
What's the purpose of the ATR band around the 21 EMA?
Sometimes price will open and close below the 21 EMA and cause some technical analysts will say the trend is over. I added the ATR specifically to get a volatility based, upper and lower bound range around the 21 EMA. that way I have an acceptable price range where price could move past the 21 EMA and still keep a trend valid using similar rules. I then saw that so long this ATR band (not the 21 EMA itself) was touching those trending clouds, then the trend has a good chance of continuing as long as that was true.
Roc & Atr
Roc & Atr Orders
My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL.
No indicator shows you the right way ... The best way is your own thoughts
ATR Daily Levels Band NakitxuAverage True Range
What Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, that measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
The ATR is then a moving average, generally using 14 days, of the true ranges.
This script is an especial request of a TradingView user.
Shows 5 levels based on ATR daily, plotted in wherever timeframe you are using:
level 1: prv day ATR + prv day close
level 2: prv day ATR + prv day high
level 3: level 2 - prv day ATR
level 4: prv day close - prv day ATR
level 5: prv day low - prv day
Only show the levels if you are in a timeframe daily or lower than daily.
Reversal with Bollinger Bands + RSI + ADX + ATR (Upgraded)Hi,
Welcome to my 4th script.
Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did.
Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more knowledge about how the markets are structered etc.
In this reversal script we use 4 indicators to determine good entry signals, we determine whether the market is ranging or trending and we still only want to take trades in the direction of the "trend".
Bollinger Bands are used for our entry signal. When price hits either side of the band, we wait for a reverse candlestick before we enter a position.
RSI is used to determine if we're in a trending market or in a ranging market. You can adjust the values in the inputs. You can determine the minimum RSI value and the maximum RSI value.
ADX is used the same way as RSI, you can adjust the value in the inputs. You can determine the minimum ADX value.
Last but not least we use two EMA's, a 200 EMA and 100 EMA. Both are adjustable through the inputs. I used two EMA's because I noticed when using this strategy that we'd enter a new position often after having a bad trade. Using two EMA's might clean up some signals, in my case with EUR/USD on a 15m timeframe, it didn't clean up enough signals.
All the default values are pretty decent but might require some finetuning on a certain instrument. Don't overfit the strategy though, that'll only give you bad signals in the future.
Then we are off to our exit signals.
Initially I wanted to incorporate my previous Bollinger Band exit signals as well, but it was too much of a hassle to make the script work as intended so I left it out. If you want to use those exit signals, just find my other script.
When we're in a position and price crosses the opposite band, we wait for a reverse candlestick before we exit the position.
Additionally we want our losses to be as small as possible, so we use RSI to signal us when the market is, or starts to, trend against us. This is where you use the minimum and maximum exit values. So when RSI crosses over or under that value, it'll exit the position.
Furthermore, we use the ATR indicator to set our stop loss, which is pretty basic stuff. You can adjust the ATR multiplier in the inputs. Disabling "Use Trailing Stop?" is really inadvisable unless you know this script inside out as your only exit signals will be opposite Bollinger Band Cross and RSI overbought / oversold areas.
[KL] Bollinger Bands Consolidation StrategyThis strategy will enter into long position based on the volatility of prices implied by indicators of (a) Bollinger bands, and (b) ATR.
Application of Bollinger bands ("BOLL")
Using plain vanilla settings for BOLL (i.e. 20 period moving average, and 2 standard deviations of closing prices), we are interested to know about the shape of the area that is bounded by the upper and lower bands.
In theory, consolidation happens when volatility of price decreases. Visually speaking, this is represented by the narrowing of the upper/lower bands. This strategy considers the narrowing of BOLL bands as the primary indicator for long-entry.
Application of ATRs (as confirmations)
Firstly, to confirm that BOLL bands are narrowing (as mentioned above), the ATR at a potential point of entry is compared against the standard deviation of prices over BOLL's lookback periods. Once again, visualizing the shape of BOLL bands during consolidation, we assume the lines begin to squeeze when the distance between the center line and upper/lower band is less than two current ATRs.
Secondly, this strategy looks into the moving average of ATRs to assure that prices are not too choppy when entering into market. If the moving average of ATR decreases at a point in time such that all the above conditions are met, then we can assert that the volatility of price is decreasing.
Thirdly, ATR is used for determining the size of our trailing stop loss. We will keep the multiplier fixed at two.
